The Procter & Gamble Company (PG) 10-K 9 Aug 16 2016 FY Annual report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Billions	12 Months Ended
	Jun. 30, 2016	Jul. 31, 2016	Dec. 31, 2015
Document Information [Line Items]
Entity Registrant Name	PROCTER & GAMBLE CO
Entity Central Index Key	80,424
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Trading Symbol	PG
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Files	No
Entity Common Stock, Shares Outstanding		2,668,751,125
Entity Public Float			$ 215

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2014
Net Sales		$ 65,299		$ 70,749		$ 74,401
Cost of Goods Sold		32,909		37,056		39,030
Selling, General and Administrative Expense		18,949		20,616		21,461
Venezuela Deconsolidation Charge		0		2,028		0
Operating Income (Loss)		13,441		11,049		13,910
Interest Expense		579		626		709
Investment Income, Interest		182		149		99
Other Nonoperating Income (Expense)		325		440		209
Income Loss From Continuing Operations Before Income Taxes		13,369		11,012		13,509
Income Taxes on Continuing Operations		3,342		2,725		2,851
Net Earnings from Continuing Operations		10,027		8,287		10,658
Net Earnings/(Loss) from Discontinued Operations		577		(1,143)		1,127
Net Earnings		10,604		7,144		11,785
Net Earnings Attributable to Noncontrolling Interest		96		108		142
Net Earnings Attributable to Procter & Gamble		$ 10,508		$ 7,036		$ 11,643
BASIC NET EARNINGS PER COMMON SHARE
Income (Loss) from Continuing Operations, Per Basic Share	[1]	$ 3.59		$ 2.92		$ 3.78
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	[1]	0.21		(0.42)		0.41
Earnings Per Share, Basic	[1],[2]	3.80		2.50		4.19
DILUTED NET EARNINGS PER COMMON SHARE
Income (Loss) from Continuing Operations, Per Diluted Share	[1]	3.49	[3]	2.84	[3]	3.63
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	[1]	0.20	[3]	(0.40)	[3]	0.38
Earnings Per Share, Diluted	[1],[2]	3.69	[3]	2.44	[3]	4.01
Common Stock, Dividends, Per Share, Cash Paid		$ 2.66		$ 2.59		$ 2.45
[1]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[2]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings/(loss) attributable to Procter & Gamble.
[3]	Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Net Earnings	$ 10,604	$ 7,144	$ 11,785
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(1,679)	(7,220)	1,044
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	1	1,234	(347)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	28	24	9
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	1,477	(844)	869
Other Comprehensive Income (Loss), Net of Tax	(3,127)	(5,118)	(163)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	7,477	2,026	11,622
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	96	108	150
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 7,381	$ 1,918	$ 11,472

CONSOLIDATED STATEMENTS OF COM4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	$ 5	$ 739	$ (209)
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	7	0	(4)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ (621)	$ 328	$ (356)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
CURRENT ASSETS
Cash and Cash Equivalents, at Carrying Value	$ 7,102	$ 6,836
Available-for-sale Securities	6,246	4,767
Accounts Receivable, Net, Current	4,373	4,568
INVENTORIES
Inventory, Raw Materials and Supplies, Gross	1,188	1,266
Inventory, Work in Process, Gross	563	525
Inventory, Finished Goods, Gross	2,965	3,188
Inventory, Net	4,716	4,979
Deferred Tax Assets, Net of Valuation Allowance, Current	1,507	1,356
Prepaid Expense and Other Assets, Current	2,653	2,708
Disposal Group, Including Discontinued Operation, Assets, Current	7,185	4,432
Assets, Current	33,782	29,646
Property, Plant and Equipment, Net	19,385	19,655
Goodwill	44,350	44,622
Intangible Assets, Net (Excluding Goodwill)	24,527	25,010
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0	5,204
Other Assets, Noncurrent	5,092	5,358
Assets	127,136	129,495
CURRENT LIABILITIES
Accounts Payable, Current	9,325	8,138
Accrued Liabilities, Current	7,449	8,091
Disposal Group, Including Discontinued Operation, Liabilities, Current	2,343	1,543
Debt, Current	11,653	12,018
Liabilities, Current	30,770	29,790
Long-term Debt, Excluding Current Maturities	18,945	18,327
Deferred Tax Liabilities, Net, Noncurrent	9,113	9,179
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0	717
Other Liabilities, Noncurrent	10,325	8,432
Liabilities	69,153	66,445
SHAREHOLDERS' EQUITY
Common Stock, Value, Issued	4,009	4,009
Additional Paid in Capital	63,714	63,852
Reserve for ESOP Debt Retirement	(1,290)	(1,320)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(15,907)	(12,780)
Treasury Stock, Value	(82,176)	(77,226)
Retained Earnings (Accumulated Deficit)	87,953	84,807
Stockholders' Equity Attributable to Noncontrolling Interest	642	631
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	57,983	63,050
Liabilities and Equity	127,136	129,495
Preferred Class A
SHAREHOLDERS' EQUITY
Preferred Stock, Stated Value, Issued	1,038	1,077
Preferred Class B
SHAREHOLDERS' EQUITY
Preferred Stock, Stated Value, Issued	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2016	Jun. 30, 2015
Common Stock, Par or Stated Value Per Share	$ 1	$ 1
Common Stock, Shares Authorized	10,000	10,000
Common Stock, Shares, Issued	4,009.2	4,009.2
Treasury Stock, Shares	1,341.2	1,294.7
Preferred Class A
Preferred Stock, Par or Stated Value Per Share	$ 1	$ 1
Preferred Stock, Shares Authorized	600	600
Preferred Class B
Preferred Stock, Par or Stated Value Per Share	$ 1	$ 1
Preferred Stock, Shares Authorized	200	200

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Millions		Total	Common Stock	Preferred Stock	Additional Paid-in Capital	Reserve for ESOP Debt Retirement	AOCI Attributable to Parent	Treasury Stock	Retained Earnings	Noncontrolling Interest
BEGINNING BALANCE (in shares) at Jun. 30, 2013			2,742,327
BEGINNING BALANCE at Jun. 30, 2013		$ 68,709	$ 4,009	$ 1,137	$ 63,538	$ (1,352)	$ (7,499)	$ (71,966)	$ 80,197	$ 645
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings		11,785							11,643	142
Other Comprehensive Income (Loss), Net of Tax		(163)					(163)
Dividends to shareholders:
Dividends, Common Stock		(6,658)							(6,658)
Dividends, Preferred Stock		(253)							(253)
Treasury Stock, Shares, Acquired			(74,987)
Payments for Repurchase of Common Stock		(6,005)						(6,005)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			40,288
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options		2,508			364			2,144
Stock Issued During Period, Shares, Conversion of Convertible Securities			3,178
Stock Issued During Period, Value, Conversion of Convertible Securities		0		(26)	(4)			(22)
ESOP Debt Impacts		(73)				(12)			(61)
Noncontrolling Interest, Period Increase (Decrease)		(20)			5					(25)
ENDING BALANCE (in shares) at Jun. 30, 2014			2,710,806
ENDING BALANCE at Jun. 30, 2014		69,976	$ 4,009	1,111	63,911	(1,340)	(7,662)	(75,805)	84,990	762
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings		7,144							7,036	108
Other Comprehensive Income (Loss), Net of Tax		(5,118)					(5,118)
Dividends to shareholders:
Dividends, Common Stock		(7,028)							(7,028)
Dividends, Preferred Stock		(259)							(259)
Treasury Stock, Shares, Acquired			(54,670)
Payments for Repurchase of Common Stock		(4,604)						(4,604)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			54,100
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options		3,309			156			3,153
Stock Issued During Period, Shares, Conversion of Convertible Securities			4,335
Stock Issued During Period, Value, Conversion of Convertible Securities		0		(34)	(4)			(30)
ESOP Debt Impacts		(88)				(20)			(68)
Noncontrolling Interest, Period Increase (Decrease)		(458)			(219)					(239)
ENDING BALANCE (in shares) at Jun. 30, 2015			2,714,571
ENDING BALANCE at Jun. 30, 2015		63,050	$ 4,009	1,077	63,852	(1,320)	(12,780)	(77,226)	84,807	631
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings		10,604							10,508	96
Other Comprehensive Income (Loss), Net of Tax		(3,127)					(3,127)
Dividends to shareholders:
Dividends, Common Stock		(7,181)							(7,181)
Dividends, Preferred Stock		(255)							(255)
Treasury Stock, Shares, Acquired			(103,449)
Payments for Repurchase of Common Stock		(4,004)
Payments for Repurchase of Common Stock and Stock Receipts	[1]	(8,217)						(8,217)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			52,089
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options		3,090			(144)			3,234
Stock Issued During Period, Shares, Conversion of Convertible Securities			4,863
Stock Issued During Period, Value, Conversion of Convertible Securities		0		(39)	(6)			(33)
ESOP Debt Impacts		(104)				(30)			(74)
Noncontrolling Interest, Period Increase (Decrease)		(85)								(85)
ENDING BALANCE (in shares) at Jun. 30, 2016			2,668,074
ENDING BALANCE at Jun. 30, 2016		$ 57,983	$ 4,009	$ 1,038	$ 63,714	$ (1,290)	$ (15,907)	$ (82,176)	$ 87,953	$ 642
[1]	Includes $4,213 of treasury shares acquired in the divestiture of the Batteries business (see Note 13).

CONSOLIDATED STATEMENTS OF SHA8

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) $ in Millions	Feb. 29, 2016USD ($)
Batteries | Berkshire Hathaway
Disposal Group, Including Discontinued Operation, Consideration	$ 4,213	[1]
[1]	Includes $1,730 from cash infused into the Batteries business pursuant to the divestiture agreement (see Note 13).

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	$ 6,836	$ 8,548	$ 5,930
OPERATING ACTIVITIES
Net Earnings	10,604	7,144	11,785
Depreciation, Depletion and Amortization	3,078	3,134	3,141
Share-based Compensation	335	337	360
Deferred Income Tax Expense (Benefit)	(815)	(803)	(44)
Gain (Loss) on Disposition of Business	(41)	(766)	(154)
Venezuela Deconsolidation Charge	0	2,028	0
Goodwill and Indefinite-lived Intangibles Impairment Charges Including Disc Ops	450	2,174	0
Increase (Decrease) in Accounts Receivable	35	349	87
Increase (Decrease) in Inventories	116	313	8
Increase (Decrease) in Accounts Payable and Accrued Liabilities	1,285	928	1
Increase (Decrease) in Other Operating Assets and Liabilities, Net	204	(976)	(1,557)
Other Noncash Expense	184	746	331
Net Cash Provided by (Used in) Operating Activities	15,435	14,608	13,958
INVESTING ACTIVITIES
Payments to Acquire Property, Plant, and Equipment	(3,314)	(3,736)	(3,848)
Proceeds from Sale of Productive Assets	432	4,498	577
Cash Related to Venezuela Deconsolidation	0	(908)	0
Payments to Acquire Businesses, Net of Cash Acquired	(186)	(137)	(24)
Payments to Acquire Short-term Investments	(2,815)	(3,647)	(568)
Proceeds from Sale of Short-term Investments	1,354	1,203	24
Cash Divested from Divested Businesses, Investing Activities	(143)	0	0
Increase (Decrease) in Restricted Cash	(996)	0	0
Payments for (Proceeds from) Investments	93	(163)	(261)
Net Cash Provided by (Used in) Investing Activities	(5,575)	(2,890)	(4,100)
FINANCING ACTIVITIES
Payments of Dividends	(7,436)	(7,287)	(6,911)
Proceeds from (Repayments of) Short-term Debt	(418)	(2,580)	3,304
Proceeds from Issuance of Long-term Debt	3,916	2,138	4,334
Repayments of Long-term Debt	(2,213)	(3,512)	(4,095)
Payments for Repurchase of Common Stock	(4,004)	(4,604)	(6,005)
Cash Divested from Divested Businesses, Financing Activities	(1,730)	0	0
Proceeds From Stock Options Exercised And Other Financing Activities	2,672	2,826	2,094
Net Cash Provided by (Used in) Financing Activities	(9,213)	(13,019)	(7,279)
Effect of Exchange Rate on Cash and Cash Equivalents	(381)	(411)	39
Cash and Cash Equivalents, Period Increase (Decrease)	266	(1,712)	2,618
CASH AND CASH EQUIVALENTS, END OF YEAR	7,102	6,836	8,548
SUPPLEMENTAL DISCLOSURE
Interest Paid	569	678	686
Income Taxes Paid	$ 3,730	$ 4,558	$ 3,320

CONSOLIDATED STATEMENTS OF CA10

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Feb. 29, 2016
Cash Divested from Divested Businesses, Financing Activities		$ (1,730)	$ 0	$ 0
Berkshire Hathaway | Batteries
Disposal Group, Including Discontinued Operation, Consideration	[1]				$ 4,213
Cash Divested from Divested Businesses, Financing Activities		$ (1,700)
[1]	Includes $1,730 from cash infused into the Batteries business pursuant to the divestiture agreement (see Note 13).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The Procter & Gamble Company's (the "Company," "Procter & Gamble," "we" or "us") business is focused on providing branded consumer packaged goods of superior quality and value. Our products are sold in more than 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies. We have on-the-ground operations in approximately 70 countries. Basis of Presentation The Consolidated Financial Statements include the Company and its controlled subsidiaries. Intercompany transactions are eliminated. Prior year amounts have been reclassified to conform with current year presentation for amounts related to segment reporting (see Note 2) and discontinued operations (see Note 13). There are a number of currency and other operating controls and restrictions in Venezuela, which have evolved over time and may continue to evolve in the future. These evolving conditions resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar and restricted our Venezuelan operations’ ability to pay dividends and satisfy certain other obligations denominated in U.S. dollars. For accounting purposes, this resulted in a lack of control over our Venezuelan subsidiaries. Therefore, in accordance with the applicable accounting standards for consolidation, effective June 30, 2015 , we deconsolidated our Venezuelan subsidiaries and began accounting for our investment in those subsidiaries using the cost method of accounting. This resulted in a write-off of all of the net assets of our Venezuelan subsidiaries, along with Venezuela related assets held by other subsidiaries. Beginning with the first quarter of fiscal 2016, our financial results only include sales of finished goods to our Venezuelan subsidiaries to the extent we receive payments from Venezuela. Accordingly, we no longer include the results of our Venezuelan subsidiaries’ operations in our financial results. Use of Estimates Preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying disclosures. These estimates are based on management's best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, consumer and trade promotion accruals, restructuring reserves, pensions, post-employment benefits, stock options, valuation of acquired intangible assets, useful lives for depreciation and amortization of long-lived assets, future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets, deferred tax assets, uncertain income tax positions and contingencies. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the financial statements in any individual year. However, in regard to ongoing impairment testing of goodwill and indefinite-lived intangible assets, significant deterioration in future cash flow projections or other assumptions used in estimating fair values versus those anticipated at the time of the initial valuations, could result in impairment charges that materially affect the financial statements in a given year. Revenue Recognition Sales are recognized when revenue is realized or realizable and has been earned. Revenue transactions represent sales of inventory. The revenue recorded is presented net of sales and other taxes we collect on behalf of governmental authorities. The revenue includes shipping and handling costs, which generally are included in the list price to the customer. Our policy is to recognize revenue when title to the product, ownership and risk of loss transfer to the customer, which can be on the date of shipment or the date of receipt by the customer. A provision for payment discounts and product return allowances is recorded as a reduction of sales in the same period the revenue is recognized. Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are offered through various programs to customers and consumers. Sales are recorded net of trade promotion spending, which is recognized as incurred, generally at the time of the sale. Most of these arrangements have terms of approximately one year. Accruals for expected payouts under these programs are included as accrued marketing and promotion in the Accrued and other liabilities line item in the Consolidated Balance Sheets. Cost of Products Sold Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacturing of product, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Selling, General and Administrative Expense Selling, general and administrative expense (SG&A) is primarily comprised of marketing expenses, selling expenses, research and development costs, administrative and other indirect overhead costs, depreciation and amortization expense on non-manufacturing assets and other miscellaneous operating items. Research and development costs are charged to expense as incurred and were $1.9 billion in 2016 , $2.0 billion in 2015 and $1.9 billion in 2014 (reported in Net earnings from continuing operations). Advertising costs, charged to expense as incurred, include worldwide television, print, radio, internet and in-store advertising expenses and were $7.2 billion in 2016 , $7.2 billion in 2015 and $7.9 billion in 2014 (reported in Net earnings from continuing operations). Non-advertising related components of the Company's total marketing spending include costs associated with consumer promotions, product sampling and sales aids, which are included in SG&A, as well as coupons and customer trade funds, which are recorded as reductions to Net sales. Other Non-Operating Income, Net Other non-operating income, net, primarily includes net acquisition and divestiture gains and investment income. Currency Translation Financial statements of operating subsidiaries outside the U.S. generally are measured using the local currency as the functional currency. Adjustments to translate those statements into U.S. dollars are recorded in Other comprehensive income (OCI). For subsidiaries operating in highly inflationary economies, the U.S. dollar is the functional currency. Re-measurement adjustments for financial statements in highly inflationary economies and other transactional exchange gains and losses are reflected in earnings. Cash Flow Presentation The Consolidated Statements of Cash Flows are prepared using the indirect method, which reconciles net earnings to cash flow from operating activities. Cash flows from foreign currency transactions and operations are translated at an average exchange rate for the period. Cash flows from hedging activities are included in the same category as the items being hedged. Cash flows from derivative instruments designated as net investment hedges are classified as financing activities. Realized gains and losses from non-qualifying derivative instruments used to hedge currency exposures resulting from intercompany financing transactions are also classified as financing activities. Cash flows from other derivative instruments used to manage interest, commodity or other currency exposures are classified as operating activities. Cash payments related to income taxes are classified as operating activities. Cash flows from the Company's discontinued operations are included in the Consolidated Statements of Cash Flows. Investments Investment securities consist of readily marketable debt and equity securities. Unrealized gains or losses from investments classified as trading, if any, are charged to earnings. Unrealized gains or losses on securities classified as available-for-sale are generally recorded in OCI. If an available-for-sale security is other than temporarily impaired, the loss is charged to either earnings or OCI depending on our intent and ability to retain the security until we recover the full cost basis and the extent of the loss attributable to the creditworthiness of the issuer. Investment securities are included as Available-for-sale investment securities and Other noncurrent assets in the Consolidated Balance Sheets. Investments in certain companies over which we exert significant influence, but do not control the financial and operating decisions, are accounted for as equity method investments. Other investments that are not controlled, and over which we do not have the ability to exercise significant influence, are accounted for under the cost method. Both equity and cost method investments are included as Other noncurrent assets in the Consolidated Balance Sheets. Inventory Valuation Inventories are valued at the lower of cost or market value. Product-related inventories are maintained on the first-in, first-out method. The cost of spare part inventories is maintained using the average-cost method. Property, Plant and Equipment Property, plant and equipment is recorded at cost reduced by accumulated depreciation. Depreciation expense is recognized over the assets' estimated useful lives using the straight-line method. Machinery and equipment includes office furniture and fixtures ( 15 -year life), computer equipment and capitalized software ( 3 - to 5 -year lives) and manufacturing equipment ( 3 - to 20 -year lives). Buildings are depreciated over an estimated useful life of 40 years. Estimated useful lives are periodically reviewed and, when appropriate, changes are made prospectively. When certain events or changes in operating conditions occur, asset lives may be adjusted and an impairment assessment may be performed on the recoverability of the carrying amounts. Goodwill and Other Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized, but are evaluated for impairment annually or more often if indicators of a potential impairment are present. Our annual impairment testing of goodwill is performed separately from our impairment testing of indefinite-lived intangible assets. We have acquired brands that have been determined to have indefinite lives. Those assets are evaluated annually for impairment. We evaluate a number of factors to determine whether an indefinite life is appropriate, including the competitive environment, market share, brand history, product life cycles, operating plans and the macroeconomic environment of the countries in which the brands are sold. In addition, when certain events or changes in operating conditions occur, an additional impairment assessment is performed and indefinite-lived assets may be adjusted to a determinable life. The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology and other intangible assets with contractual terms are generally amortized over their respective legal or contractual lives. Customer relationships, brands and other non-contractual intangible assets with determinable lives are amortized over periods generally ranging from 5 to 30 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and remaining lives of intangible assets with determinable lives may be adjusted. For additional details on goodwill and intangible assets see Note 4. Fair Values of Financial Instruments Certain financial instruments are required to be recorded at fair value. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. Other financial instruments, including cash equivalents, certain investments and short-term debt, are recorded at cost, which approximates fair value. The fair values of long-term debt and financial instruments are disclosed in Note 9. New Accounting Pronouncements and Policies In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. We will adopt the standard no later than July 1, 2018. While we are currently assessing the impact of the new standard, we do not expect this new guidance to have a material impact on our Consolidated Financial Statements. On July 1, 2015, the Company adopted ASU 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity". The guidance included new reporting and disclosure requirements for discontinued operations. For additional details on discontinued operations, see Note 13. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The standard requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. We will adopt the standard no later than July 1, 2019. We are currently assessing the impact that the new standard will have on our Consolidated Financial Statements. For additional details on our operating leases, see Note 12. In March 2016, the FASB issued ASU 2016-09, “Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The standard amends several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. We will adopt the standard no later than July 1, 2017. While we are currently assessing the impact of the new standard, we do not expect the new guidance to have a material impact on our Consolidated Financial Statements. No other new accounting pronouncement issued or effective during the fiscal year had or is expected to have a material impact on our Consolidated Financial Statements.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	SEGMENT INFORMATION On July 9, 2015 , the Company announced the signing of a definitive agreement to divest four product categories, initially comprised of 43 of its beauty brands (“Beauty Brands”), which will be merged with Coty Inc. ("Coty"). The transaction includes the global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, along with select hair styling brands and is expected to close in October 2016. In February 2016, the Company completed the divestiture of its Batteries business to Berkshire Hathaway. The Company completed the divestiture of its Pet Care business in the previous fiscal year. Each of these businesses are reported as discontinued operations for all periods presented (see Note 13). Under U.S. GAAP, our remaining Global Business Units (GBUs) are aggregated into five reportable segments: 1) Beauty , 2) Grooming , 3) Health Care , 4) Fabric & Home Care and 5) Baby, Feminine & Family Care . Our five reportable segments are comprised of: • Beauty : Hair Care (Conditioner, Shampoo, Styling Aids, Treatments); Skin and Personal Care (Antiperspirant and Deodorant, Personal Cleansing, Skin Care); • Grooming : Shave Care (Female Blades & Razors, Male Blades & Razors, Pre- and Post-Shave Products, Other Shave Care); Appliances; • Health Care : Oral Care (Toothbrushes, Toothpaste, Other Oral Care); Personal Health Care (Gastrointestinal, Rapid Diagnostics, Respiratory, Vitamins/Minerals/Supplements, Other Personal Health Care); • Fabric & Home Care : Fabric Care (Fabric Enhancers, Laundry Additives, Laundry Detergents); Home Care (Air Care, Dish Care, P&G Professional, Surface Care ); and • Baby, Feminine & Family Care : Baby Care (Baby Wipes, Diapers and Pants); Feminine Care (Adult Incontinence, Feminine Care); Family Care (Paper Towels, Tissues, Toilet Paper). The accounting policies of the segments are generally the same as those described in Note 1. Differences between these policies and U.S. GAAP primarily reflect income taxes, which are reflected in the segments using applicable blended statutory rates. Adjustments to arrive at our effective tax rate are included in Corporate. Corporate includes certain operating and non-operating activities that are not reflected in the operating results used internally to measure and evaluate the businesses, as well as items to adjust management reporting principles to U.S. GAAP. Operating activities in Corporate include the results of incidental businesses managed at the corporate level. Operating elements also include certain employee benefit costs, the costs of certain restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization and other general Corporate items. The non-operating elements in Corporate primarily include interest expense, certain acquisition and divestiture gains and interest and investing income. Total assets for the reportable segments include those assets managed by the reportable segment, primarily inventory, fixed assets and intangible assets. Other assets, primarily cash, accounts receivable, investment securities and goodwill, are included in Corporate. Our business units are comprised of similar product categories. Nine business units individually accounted for 5% or more of consolidated net sales as follows: % of Sales by Business Unit* Years ended June 30 2016 2015 2014 Fabric Care 22% 22% 22% Baby Care 14% 15% 15% Hair Care 10% 11% 11% Home Care 10% 9% 9% Shave Care 9% 9% 10% Family Care 8% 8% 7% Oral Care 8% 8% 7% Skin and Personal Care 8% 7% 7% Feminine Care 6% 6% 6% All Other 5% 5% 6% TOTAL 100% 100% 100% * % of sales by business unit excludes sales held in Corporate. The Company had net sales in the U.S. of $27.0 billion , $26.8 billion and $26.7 billion for the years ended June 30, 2016 , 2015 and 2014 , respectively. Long-lived assets in the U.S. totaled $8.5 billion and $8.3 billion as of June 30, 2016 and 2015 , respectively. Long-lived assets consists of property, plant and equipment. No other country's net sales or long-lived assets exceed 10% of the Company totals. Our largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for approximately 15% of consolidated net sales in 2016 , 2015 and 2014 . No other customer represents more than 10% of our consolidated net sales. Global Segment Results Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Depreciation and Amortization Total Assets Capital Expenditures BEAUTY (1) 2016 $ 11,477 $ 2,636 $ 1,975 $ 218 $ 3,888 $ 435 2015 12,608 2,895 2,181 247 4,004 411 2014 13,401 3,020 2,300 256 4,564 376 GROOMING 2016 6,815 2,009 1,548 451 22,819 383 2015 7,441 2,374 1,787 540 23,090 372 2014 8,009 2,589 1,954 576 23,767 369 HEALTH CARE 2016 7,350 1,812 1,250 204 5,139 240 2015 7,713 1,700 1,167 202 5,212 218 2014 7,798 1,597 1,083 199 5,879 253 FABRIC & HOME CARE 2016 20,730 4,249 2,778 531 6,919 672 2015 22,274 4,059 2,634 547 7,155 986 2014 23,506 4,264 2,770 539 7,938 1,057 BABY, FEMININE & FAMILY CARE 2016 18,505 4,042 2,650 886 9,863 1,261 2015 20,247 4,317 2,938 924 10,109 1,337 2014 20,950 4,310 2,940 908 10,946 1,317 CORPORATE (1) (2) 2016 422 (1,379 ) (174 ) 788 78,508 323 2015 466 (4,333 ) (2,420 ) 674 79,925 412 2014 737 (2,271 ) (389 ) 663 91,172 476 TOTAL COMPANY 2016 $ 65,299 $ 13,369 $ 10,027 $ 3,078 $ 127,136 $ 3,314 2015 70,749 11,012 8,287 3,134 129,495 3,736 2014 74,401 13,509 10,658 3,141 144,266 3,848 (1) Prior year adjustments were made to total assets for the Beauty and Corporate reportable segments related to certain Beauty Brands trademarks included in the scope of the Beauty Brands transaction. (2) The Corporate reportable segment includes depreciation and amortization, total assets and capital expenditures of the Pet Care and Batteries businesses prior to their divestiture and of the Beauty Brands businesses.

SUPPLEMENTAL FINANCIAL INFORMAT

SUPPLEMENTAL FINANCIAL INFORMATION	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	SUPPLEMENTAL FINANCIAL INFORMATION The components of property, plant and equipment were as follows: Years ended June 30 2016 2015 PROPERTY, PLANT AND EQUIPMENT Buildings $ 6,885 $ 6,949 Machinery and equipment 29,506 29,420 Land 769 763 Construction in progress 2,706 2,931 TOTAL PROPERTY, PLANT AND EQUIPMENT 39,866 40,063 Accumulated depreciation (20,481 ) (20,408 ) PROPERTY, PLANT AND EQUIPMENT, NET $ 19,385 $ 19,655 Selected components of current and noncurrent liabilities were as follows: Years ended June 30 2016 2015 ACCRUED AND OTHER LIABILITIES - CURRENT Marketing and promotion $ 2,820 $ 2,798 Compensation expenses 1,457 1,390 Restructuring reserves 315 389 Taxes payable 397 845 Legal and environmental 158 205 Other 2,302 2,464 TOTAL $ 7,449 $ 8,091 OTHER NONCURRENT LIABILITIES Pension benefits $ 6,761 $ 5,247 Other postretirement benefits 1,808 1,414 Uncertain tax positions 952 1,016 Other 804 755 TOTAL $ 10,325 $ 8,432 RESTRUCTURING PROGRAM The Company has historically incurred an ongoing annual level of restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization. Before-tax costs incurred under the ongoing program have generally ranged from $250 to $500 annually. In fiscal 2012, the Company initiated an incremental restructuring program as part of a productivity and cost savings plan to reduce costs in the areas of supply chain, research and development, marketing and overheads. The productivity and cost savings plan was designed to accelerate cost reductions by streamlining management decision making, manufacturing and other work processes in order to help fund the Company's growth strategy. The Company expects to incur approximately $5.5 billion in before-tax restructuring costs over a six year period (from fiscal 2012 through fiscal 2017), including costs incurred as part of the ongoing and incremental restructuring program. The program includes a non-manufacturing overhead enrollment reduction target of approximately 25% - 30% by the end of fiscal 2017. Through fiscal 2016, the Company reduced non-manufacturing enrollment by approximately 14,200 , or approximately 24% . The reductions are enabled by the elimination of duplicate work, simplification through the use of technology and optimization of various functional and business organizations. In addition, the plan includes integration of newly acquired companies and the optimization of the supply chain and other manufacturing processes. Restructuring costs incurred consist primarily of costs to separate employees, asset-related costs to exit facilities and other costs. The Company incurred total restructuring charges of approximately $977 and $1,068 for the years ended June 30, 2016 and 2015 , respectively. Approximately $202 and $338 of these charges were recorded in SG&A for the years ended June 30, 2016 and 2015 , respectively and approximately $718 and $614 of these charges were recorded in Cost of products sold for the years ended June 30, 2016 and 2015 , respectively. The remainder of the charges were included in Net earnings from discontinued operations. Since the inception of this restructuring program, the Company has incurred approximately $4.9 billion of the total expected restructuring costs. Approximately $2.3 billion of these charges were related to separations, $1.4 billion were asset-related and $1.2 billion were related to other restructuring-type costs. The following table presents restructuring activity for the years ended June 30, 2016 and 2015 : Amounts in millions Separations Asset-Related Costs Other Total RESERVE JUNE 30, 2014 $ 353 $ — $ 28 $ 381 Charges 516 289 263 1,068 Cash spent (507 ) — (264 ) (771 ) Charges against assets — (289 ) — (289 ) RESERVE JUNE 30, 2015 362 — 27 389 Charges 262 432 283 977 Cash spent (381 ) — (238 ) (619 ) Charges against assets — (432 ) — (432 ) RESERVE JUNE 30, 2016 $ 243 $ — $ 72 $ 315 Separation Costs Employee separation charges for the years ended June 30, 2016 and 2015 , related to severance packages for approximately 2,770 and 4,820 employees, respectively. For the years ended June 30, 2016 and 2015 , these severance packages included approximately 920 and 2,340 non-manufacturing employees, respectively. The packages were predominantly voluntary and the amounts were calculated based on salary levels and past service periods. Severance costs related to voluntary separations are generally charged to earnings when the employee accepts the offer. Since its inception, the restructuring program has incurred separation charges related to approximately 17,070 employees, of which approximately 9,540 are non-manufacturing overhead personnel. Asset-Related Costs Asset-related costs consist of both asset write-downs and accelerated depreciation. Asset write-downs relate to the establishment of a new fair value basis for assets held-for-sale or disposal. These assets were written down to the lower of their current carrying basis or amounts expected to be realized upon disposal, less minor disposal costs. Charges for accelerated depreciation relate to long-lived assets that will be taken out of service prior to the end of their normal service period. These assets relate primarily to manufacturing consolidations and technology standardizations. The asset-related charges will not have a significant impact on future depreciation charges. Other Costs Other restructuring-type charges are incurred as a direct result of the restructuring program. Such charges primarily include employee relocation related to separations and office consolidations, termination of contracts related to supply chain redesign and the cost to change internal systems and processes to support the underlying organizational changes. Consistent with our historical policies for ongoing restructuring-type activities, the restructuring program charges are funded by and included within Corporate for both management and segment reporting. Accordingly, all of the charges under the program are included within the Corporate reportable segment. However, for informative purposes, the following table summarizes the total restructuring costs related to our reportable segments: Years ended June 30 2016 2015 Beauty $ 72 $ 63 Grooming 42 57 Health Care 26 32 Fabric & Home Care 250 197 Baby, Feminine & Family Care 225 192 Corporate (1) 362 527 Total Company $ 977 $ 1,068 (1) Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities and costs related to discontinued operations from our Batteries and Beauty Brands businesses.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	GOODWILL AND INTANGIBLE ASSETS The change in the net carrying amount of goodwill by reportable segment was as follows: Beauty Grooming Health Care Fabric & Home Care Baby, Feminine & Family Care Corporate Total Company GOODWILL at JUNE 30, 2014 - Gross $ 14,065 $ 22,097 $ 6,280 $ 1,981 $ 4,910 $ 2,554 $ 51,887 Accumulated impairment losses at June 30, 2014 — (1,158 ) — — — — (1,158 ) GOODWILL at JUNE 30, 2014 - Net 14,065 20,939 6,280 1,981 4,910 2,554 50,729 Acquisitions and divestitures (136 ) — (6 ) (3 ) — (449 ) (594 ) Goodwill impairment charges — — — — — (2,064 ) (2,064 ) Translation and other (1,225 ) (1,320 ) (398 ) (104 ) (361 ) (41 ) (3,449 ) GOODWILL at JUNE 30, 2015 - Gross (1) 12,704 20,777 5,876 1,874 4,549 2,064 47,844 Accumulated impairment losses at June 30, 2015 (1) — (1,158 ) — — — (2,064 ) (3,222 ) GOODWILL at JUNE 30, 2015 - Net 12,704 19,619 5,876 1,874 4,549 — 44,622 Acquisitions and divestitures (2 ) — (2 ) — — — (4 ) Translation and other (57 ) (142 ) (34 ) (18 ) (17 ) — (268 ) GOODWILL at JUNE 30, 2016 - Gross 12,645 20,635 5,840 1,856 4,532 — 45,508 Accumulated impairment losses at June 30, 2016 — (1,158 ) — — — — (1,158 ) GOODWILL at JUNE 30, 2016 - Net $ 12,645 $ 19,477 $ 5,840 $ 1,856 $ 4,532 $ — $ 44,350 (1) Balances in Corporate segment reflect the gross value of the Batteries goodwill and the corresponding impairment charges recorded against the business to reflect the value of BH's shares in P&G stock as of June 30, 2015. The Batteries business was divested in February 2016. On July 9, 2015 , the Company announced the signing of a definitive agreement to divest four product categories, initially comprised of 43 of its beauty brands ("Beauty Brands"), which will be merged with Coty. The transaction includes the global salon professional hair care and color, retail hair color and cosmetics businesses and a majority of the fine fragrances business, along with select hair styling brands (see Note 13). The Beauty Brands have historically been part of the Company's Beauty reportable segment. In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of the Beauty Brands are presented as discontinued operations. As a result, the goodwill attributable to the Beauty Brands as of June 30, 2016 , 2015 and 2014 is excluded from the preceding table and is reported as Current assets held for sale in the Consolidated Balance Sheets. During early fiscal 2015, we determined that the estimated fair value of our Batteries reporting unit was less than its carrying amount, resulting in a series of impairment charges. The underlying fair value assessment was initially triggered by an agreement in September 2014 to sell the China-based battery joint venture and a related decision to pursue options to exit the remainder of the Batteries business. The agreement to sell the China-based battery joint venture was at a transaction value that was below the earnings multiple implied from the prior valuation of our Batteries business, which effectively eliminated our fair value cushion. As a result, the remaining business unit cash flows no longer supported the remaining carrying amount of the Batteries business. Due largely to these factors, we recorded an initial non-cash, before and after-tax impairment charge of $863 to reduce the carrying amount of goodwill for the Batteries business unit to its estimated fair value. These same factors resulted in a decline in the fair value of our Duracell trade name intangible asset below its carrying value. This resulted in a non-cash, before-tax impairment charge of $110 ( $69 after tax) to reduce the carrying amount of this asset to its estimated fair value. Later in fiscal 2015, the Company reached an agreement to divest the Batteries business via a split transaction in which the Company agreed to exchange a recapitalized Duracell Company for Berkshire Hathaway's (BH) shares of P&G stock. Based on the terms of the agreement and the value of BH's shares of P&G stock as of the transaction date and changes thereto through June 30, 2015 , the Company recorded additional non-cash, before and after-tax impairment charges totaling $1.2 billion . In February 2016, the Company completed the divestiture of its Batteries business to BH. Pursuant to the recapitalization provisions of the agreement, the Company infused additional cash into the Duracell Company to enable it to repurchase all 52.5 million shares of P&G stock owned by BH. Prior to the transaction, the Company recorded a non-cash, before-tax impairment charge of $402 ( $350 after tax) during fiscal 2016 , which reflected the value of BH's shares in P&G stock as of the date of the impairment charges (see Note 13). All of the fiscal 2016 and 2015 impairment charges in the Batteries business are included as part of discontinued operations. The Batteries goodwill is included in Corporate in the preceding table as of June 30, 2014 . The remaining Batteries goodwill at June 30, 2015 is reported in Current assets held for sale in the Consolidated Balance Sheet. The remaining change in goodwill during fiscal 2016 and 2015 was primarily due to currency translation across all reportable segments. All of the goodwill and indefinite-lived intangible asset impairment charges that are not reflected in discontinued operations are included in Corporate for segment reporting. The goodwill and intangible asset valuations are dependent on a number of significant estimates and assumptions, including macroeconomic conditions, overall category growth rates, competitive activities, cost containment and margin expansion and Company business plans. We believe these estimates and assumptions are reasonable and are comparable to those that would be used by other marketplace participants. However, actual events and results could differ substantially from those used in our valuations. To the extent such factors result in a failure to achieve the level of projected cash flows used to estimate fair value, we may need to record additional non-cash impairment charges in the future. Identifiable intangible assets were comprised of: 2016 2015 Years ended June 30 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization INTANGIBLE ASSETS WITH DETERMINABLE LIVES Brands $ 3,409 $ (2,032 ) $ 3,039 $ (1,721 ) Patents and technology 2,624 (2,164 ) 2,619 (2,028 ) Customer relationships 1,382 (514 ) 1,395 (464 ) Other 246 (130 ) 252 (123 ) TOTAL $ 7,661 $ (4,840 ) $ 7,305 $ (4,336 ) INTANGIBLE ASSETS WITH INDEFINITE LIVES Brands 21,706 — 22,041 — TOTAL $ 29,367 $ (4,840 ) $ 29,346 $ (4,336 ) Due to the divestiture of the Beauty Brands and Batteries businesses, intangible assets specific to these businesses are reported in Current assets held for sale in accordance with the accounting principles for assets held for sale as of June 30, 2016 and 2015 . Amortization expense of intangible assets was as follows: Years ended June 30 2016 2015 2014 Intangible asset amortization $ 388 $ 457 $ 514 Estimated amortization expense over the next five fiscal years is as follows: Years ending June 30 2017 2018 2019 2020 2021 Estimated amortization expense $ 326 $ 298 $ 281 $ 255 $ 206

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES Income taxes are recognized for the amount of taxes payable for the current year and for the impact of deferred tax assets and liabilities, which represent future tax consequences of events that have been recognized differently in the financial statements than for tax purposes. Deferred tax assets and liabilities are established using the enacted statutory tax rates and are adjusted for any changes in such rates in the period of change. Earnings from continuing operations before income taxes consisted of the following: Years ended June 30 2016 2015 2014 United States $ 8,788 $ 8,496 $ 8,513 International 4,581 2,516 4,996 TOTAL $ 13,369 $ 11,012 $ 13,509 Income taxes on continuing operations consisted of the following: Years ended June 30 2016 2015 2014 CURRENT TAX EXPENSE U.S. federal $ 1,673 $ 2,127 $ 1,399 International 1,483 1,142 1,252 U.S. state and local 224 252 237 3,380 3,521 2,888 DEFERRED TAX EXPENSE U.S. federal 33 (607 ) 145 International and other (71 ) (189 ) (182 ) (38 ) (796 ) (37 ) TOTAL TAX EXPENSE $ 3,342 $ 2,725 $ 2,851 A reconciliation of the U.S. federal statutory income tax rate to our actual income tax rate on continuing operations is provided below: Years ended June 30 2016 2015 2014 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % Country mix impacts of foreign operations (9.1 )% (14.0 )% (10.8 )% Changes in uncertain tax positions (0.5 )% (0.9 )% (1.7 )% Venezuela deconsolidation charge — % 6.6 % — % Other (0.4 )% (2.0 )% (1.4 )% EFFECTIVE INCOME TAX RATE 25.0 % 24.7 % 21.1 % Changes in uncertain tax positions represent changes in our net liability related to prior year tax positions. Country mix impacts of foreign operations includes the effects of foreign subsidiaries' earnings taxed at rates other than the U.S. statutory rate, the U.S. tax impacts of non-U.S. earnings repatriation and any net impacts of intercompany transactions. Tax benefits credited to shareholders' equity totaled $899 for the year ended June 30, 2016 . This primarily relates to the impact of certain adjustments to pension obligations recorded in stockholders' equity and the impact of excess tax benefits from the exercise of stock options. Tax costs charged to shareholders' equity totaled $634 for the year ended June 30, 2015 . This primarily relates to the tax effects of net investment hedges and the impact of certain adjustments to pension obligations recorded in stockholders' equity, partially offset by excess tax benefits from the exercise of stock options. We have undistributed earnings of foreign subsidiaries of approximately $49.0 billion at June 30, 2016 , for which deferred taxes have not been provided. Such earnings are considered indefinitely invested in the foreign subsidiaries. If such earnings were repatriated, additional tax expense may result. However, the calculation of the amount of deferred U.S. income tax on these earnings is not practicable because of the large number of assumptions necessary to compute the tax. A reconciliation of the beginning and ending liability for uncertain tax positions is as follows: Years ended June 30 2016 2015 2014 BEGINNING OF YEAR $ 1,096 $ 1,437 $ 1,600 Increases in tax positions for prior years 124 87 146 Decreases in tax positions for prior years (97 ) (146 ) (296 ) Increases in tax positions for current year 97 118 142 Settlements with taxing authorities (301 ) (250 ) (135 ) Lapse in statute of limitations (39 ) (27 ) (33 ) Currency translation (23 ) (123 ) 13 END OF YEAR $ 857 $ 1,096 $ 1,437 Included in the total liability for uncertain tax positions at June 30, 2016 , is $589 that, depending on the ultimate resolution, could impact the effective tax rate in future periods. The Company is present in approximately 140 taxable jurisdictions and, at any point in time, has 50 - 60 jurisdictional audits underway at various stages of completion. We evaluate our tax positions and establish liabilities for uncertain tax positions that may be challenged by local authorities and may not be fully sustained, despite our belief that the underlying tax positions are fully supportable. Uncertain tax positions are reviewed on an ongoing basis and are adjusted in light of changing facts and circumstances, including progress of tax audits, developments in case law and closing of statute of limitations. Such adjustments are reflected in the tax provision as appropriate. We have tax years open ranging from 2008 and forward. We are generally not able to reliably estimate the ultimate settlement amounts until the close of the audit. Based on information currently available, we anticipate that over the next 12 month period, audit activity could be completed related to uncertain tax positions in multiple jurisdictions for which we have accrued existing liabilities of approximately $250 , including interest and penalties. Accounting pronouncements require that, without discretion, we recognize the additional accrual of any possible related interest and penalties relating to the underlying uncertain tax position in income tax expense, unless the Company qualifies for a specific exception. As of June 30, 2016 , 2015 and 2014 , we had accrued interest of $323 , $347 and $411 and accrued penalties of $20 , $19 and $32 , respectively, which are not included in the above table. During the fiscal years ended June 30, 2016 , 2015 and 2014 , we recognized $2 , $15 and $(6) in interest benefit/(expense) and $(2) , $13 and $2 in penalties benefit/(expense), respectively. The net benefits recognized resulted primarily from the favorable resolution of tax positions for prior years. Deferred income tax assets and liabilities were comprised of the following: Years ended June 30 2016 2015 DEFERRED TAX ASSETS Pension and postretirement benefits $ 2,226 $ 1,739 Loss and other carryforwards 1,077 1,014 Stock-based compensation 845 949 Advance payments 515 281 Accrued marketing and promotion 240 266 Unrealized loss on financial and foreign exchange transactions 122 183 Fixed assets 216 139 Inventory 61 49 Accrued interest and taxes 55 48 Other 764 839 Valuation allowances (467 ) (324 ) TOTAL $ 5,654 $ 5,183 DEFERRED TAX LIABILITIES Goodwill and other intangible assets $ 9,461 $ 9,530 Fixed assets 1,533 1,590 Unrealized gain on financial and foreign exchange transactions 387 353 Other 105 149 TOTAL $ 11,486 $ 11,622 Net operating loss carryforwards were $3.2 billion and $3.1 billion at June 30, 2016 and 2015 , respectively. If unused, $1.0 billion will expire between 2016 and 2035 . The remainder, totaling $2.2 billion at June 30, 2016 , may be carried forward indefinitely.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	EARNINGS PER SHARE Net earnings attributable to Procter & Gamble less preferred dividends (net of related tax benefits) are divided by the weighted average number of common shares outstanding during the year to calculate Basic net earnings per common share. Diluted net earnings per common share are calculated to give effect to stock options and other stock-based awards (see Note 7) and assume conversion of preferred stock (see Note 8). Net earnings/(loss) attributable to Procter & Gamble and common shares used to calculate Basic and Diluted net earnings per share were as follows: Years ended June 30 2016 2015 2014 CONSOLIDATED AMOUNTS Continuing Operations Dis-continued Operations Total Continuing Operations Dis-continued Operations Total Continuing Operations Dis-continued Operations Total Net earnings/(loss) $ 10,027 $ 577 $ 10,604 $ 8,287 $ (1,143 ) $ 7,144 $ 10,658 $ 1,127 $ 11,785 Net earnings attributable to noncontrolling interests (96 ) — (96 ) (98 ) (10 ) (108 ) (120 ) (22 ) (142 ) Net earnings/(loss) attributable to P&G (Diluted) 9,931 577 10,508 8,189 (1,153 ) 7,036 10,538 1,105 11,643 Preferred dividends, net of tax (255 ) — (255 ) (259 ) — (259 ) (253 ) — (253 ) Net earnings/(loss) attributable to P&G available to common shareholders (Basic) $ 9,676 $ 577 $ 10,253 $ 7,930 $ (1,153 ) $ 6,777 $ 10,285 $ 1,105 $ 11,390 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,698.9 2,698.9 2,698.9 2,711.7 2,711.7 2,711.7 2,719.8 2,719.8 2,719.8 Add: Effect of dilutive securities Conversion of preferred shares (1) 103.9 103.9 103.9 108.6 108.6 108.6 112.3 112.3 112.3 Impact of stock options and other unvested equity awards (2) 41.6 41.6 41.6 63.3 63.3 63.3 72.6 72.6 72.6 Diluted weighted average common shares outstanding 2,844.4 2,844.4 2,844.4 2,883.6 2,883.6 2,883.6 2,904.7 2,904.7 2,904.7 PER SHARE AMOUNTS Basic net earnings/(loss) per common share (3) $ 3.59 $ 0.21 $ 3.80 $ 2.92 $ (0.42 ) $ 2.50 $ 3.78 $ 0.41 $ 4.19 Diluted net earnings/(loss) per common share (3) $ 3.49 $ 0.20 $ 3.69 $ 2.84 $ (0.40 ) $ 2.44 $ 3.63 $ 0.38 $ 4.01 (1) Despite being included currently in Diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035. (2) Outstanding stock options of approximately 55 million in 2016 , 8 million in 2015 and 9 million in 2014 were not included in the Diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares). (3) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings/(loss) attributable to Procter & Gamble.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	STOCK-BASED COMPENSATION We have stock-based compensation plans under which we annually grant stock option, restricted stock unit (RSU) and performance stock unit (PSU) awards to key managers and directors. Exercise prices on options granted have been, and continue to be, set equal to the market price of the underlying shares on the date of the grant. Since September 2002, the grants of key manager stock option awards vest after three years and have a 10 -year life. The key manager stock option awards granted from July 1998 through August 2002 vested after three years and have a 15 -year life. Key managers can elect to receive up to the entire value of their option award in RSUs. Key manager RSUs vest and are settled in shares of common stock five years from the grant date. The awards provided to the Company's directors are in the form of RSUs. In addition to our key manager and director grants, we make other minor stock option and RSU grants to employees for which the terms are not substantially different than key manager awards. Senior-level executives receive PSU awards. Under this program, the number of PSUs that will vest three years after the respective grant date is based on the Company's performance relative to pre-established performance goals during that three year period. A total of 185 million shares of common stock were authorized for issuance under the stock-based compensation plan approved by shareholders in 2014. A total of 125 million shares remain available for grant under the 2014 plan. The disclosures below include stock-based compensation related to discontinued operations, which is not material in any period presented. Years ended June 30 2016 2015 2014 STOCK-BASED COMPENSATION EXPENSE Stock options $ 199 $ 223 $ 246 RSUs and PSUs 143 114 114 Income tax benefit $ 85 $ 109 $ 127 In calculating the compensation expense for stock options granted, we utilize a binomial lattice-based valuation model. Assumptions utilized in the model, which are evaluated and revised to reflect market conditions and experience, were as follows: Years ended June 30 2016 2015 2014 Interest rate 0.7 - 1.9 % 0.1 - 2.1 % 0.1 - 2.8 % Weighted average interest rate 1.8 % 2.0 % 2.5 % Dividend yield 3.2 % 3.1 % 3.1 % Expected volatility 15 - 17 % 11 - 15 % 15 - 17 % Weighted average volatility 16 % 15 % 16 % Expected life in years 8.3 8.3 8.2 Lattice-based option valuation models incorporate ranges of assumptions for inputs and those ranges are disclosed in the preceding table. Expected volatilities are based on a combination of historical volatility of our stock and implied volatilities of call options on our stock. We use historical data to estimate option exercise and employee termination patterns within the valuation model. The expected life of options granted is derived from the output of the option valuation model and represents the average period of time that options granted are expected to be outstanding. The interest rate for periods within the contractual life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. A summary of options, RSUs and PSUs outstanding under the plans as of June 30, 2016 and activity during the year then ended is presented below: Options Options (in thousands) Weighted Average Exercise Price Weighted Average Contract-ual Life in Years Aggregate Intrinsic Value Outstanding, beginning of year 260,292 $ 63.74 Granted 21,848 79.01 Exercised (50,175 ) 49.40 Canceled (1,568 ) 73.70 OUTSTANDING, END OF YEAR 230,397 $ 68.02 5.1 $ 3,440 EXERCISABLE 164,578 $ 62.63 3.6 $ 3,263 The weighted average grant-date fair value of options granted was $8.48 , $9.38 and $10.01 per share in 2016 , 2015 and 2014 , respectively. The total intrinsic value of options exercised was $1,388 , $1,814 and $1,152 in 2016 , 2015 and 2014 , respectively. The total grant-date fair value of options that vested during 2016 , 2015 and 2014 was $200 , $241 and $319 , respectively. At June 30, 2016 , there was $186 of compensation cost that has not yet been recognized related to stock option grants. That cost is expected to be recognized over a remaining weighted average period of 1.9 years. Cash received from options exercised was $2,332 , $2,631 and $1,938 in 2016 , 2015 and 2014 , respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $433 , $519 and $338 in 2016 , 2015 and 2014 , respectively. RSUs PSUs Other stock-based awards Units (in thousands) Weighted Average Grant Date Fair Value Units (in thousands) Weighted Average Grant Date Fair Value Non-vested at July 1, 2015 5,008 $ 64.78 1,188 $ 74.48 Granted 1,855 66.32 571 73.02 Vested (1,453 ) 61.64 (613 ) 71.68 Forfeited (136 ) 67.17 — — Non-vested at June 30, 2016 5,274 $ 65.53 1,146 $ 75.25 At June 30, 2016 , there was $202 of compensation cost that has not yet been recognized related to restricted stock, RSUs and PSUs. That cost is expected to be recognized over a remaining weighted average period of 3.0 years. The total fair value of shares vested was $97 , $79 and $95 in 2016 , 2015 and 2014 , respectively. We have no specific policy to repurchase common shares to mitigate the dilutive impact of options, RSUs and PSUs. However, we have historically made adequate discretionary purchases, based on cash availability, market trends and other factors, to offset the impacts of such activity.

POSTRETIREMENT BENEFITS AND EMP

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN	12 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN We offer various postretirement benefits to our employees. Defined Contribution Retirement Plans We have defined contribution plans which cover the majority of our U.S. employees, as well as employees in certain other countries. These plans are fully funded. We generally make contributions to participants' accounts based on individual base salaries and years of service. Total global defined contribution expense was $292 , $305 and $311 in 2016 , 2015 and 2014 , respectively. The primary U.S. defined contribution plan (the U.S. DC plan) comprises the majority of the expense for the Company's defined contribution plans. For the U.S. DC plan, the contribution rate is set annually. Total contributions for this plan approximated 14% of total participants' annual wages and salaries in 2016 and 2015 and 15% in 2014 . We maintain The Procter & Gamble Profit Sharing Trust (Trust) and Employee Stock Ownership Plan (ESOP) to provide a portion of the funding for the U.S. DC plan and other retiree benefits (described below). Operating details of the ESOP are provided at the end of this Note. The fair value of the ESOP Series A shares allocated to participants reduces our cash contribution required to fund the U.S. DC plan. Defined Benefit Retirement Plans and Other Retiree Benefits We offer defined benefit retirement pension plans to certain employees. These benefits relate primarily to local plans outside the U.S. and, to a lesser extent, plans assumed in previous acquisitions covering U.S. employees. We also provide certain other retiree benefits, primarily health care and life insurance, for the majority of our U.S. employees who become eligible for these benefits when they meet minimum age and service requirements. Generally, the health care plans require cost sharing with retirees and pay a stated percentage of expenses, reduced by deductibles and other coverages. These benefits are primarily funded by ESOP Series B shares and certain other assets contributed by the Company. Obligation and Funded Status . The following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans: Pension Benefits (1) Other Retiree Benefits (2) Years ended June 30 2016 2015 2016 2015 CHANGE IN BENEFIT OBLIGATION Benefit obligation at beginning of year (3) $ 15,951 $ 17,053 $ 4,904 $ 5,505 Service cost 314 317 124 156 Interest cost 466 545 219 240 Participants' contributions 17 19 74 71 Amendments 8 17 (40 ) (325 ) Actuarial loss/(gain) 1,927 524 589 (399 ) Acquisitions/(divestitures) (21 ) 7 (7 ) — Special termination benefits 6 11 12 23 Currency translation and other (826 ) (1,908 ) (14 ) (134 ) Benefit payments (557 ) (634 ) (229 ) (233 ) BENEFIT OBLIGATION AT END OF YEAR (3) $ 17,285 $ 15,951 $ 5,632 $ 4,904 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 10,605 $ 11,098 $ 3,470 $ 3,574 Actual return on plan assets 630 1,016 408 10 Acquisitions/(divestitures) (13 ) — — — Employer contributions 306 262 32 18 Participants' contributions 17 19 74 71 Currency translation and other (719 ) (1,156 ) (8 ) (6 ) ESOP debt impacts (4) — — 40 36 Benefit payments (557 ) (634 ) (229 ) (233 ) FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 10,269 $ 10,605 $ 3,787 $ 3,470 Reclassification of net obligation to held for sale liabilities 402 336 16 — FUNDED STATUS $ (6,614 ) $ (5,010 ) $ (1,829 ) $ (1,434 ) (1) Primarily non-U.S.-based defined benefit retirement plans. (2) Primarily U.S.-based other postretirement benefit plans. (3) For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation. (4) Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits. The underfunding of pension benefits is primarily a function of the different funding incentives that exist outside of the U.S. In certain countries, there are no legal requirements or financial incentives provided to companies to pre-fund pension obligations prior to their due date. In these instances, benefit payments are typically paid directly from the Company's cash as they become due. Pension Benefits Other Retiree Benefits Years ended June 30 2016 2015 2016 2015 CLASSIFICATION OF NET AMOUNT RECOGNIZED Noncurrent assets $ 180 $ 276 $ — $ — Current liabilities (33 ) (39 ) (21 ) (20 ) Noncurrent liabilities (6,761 ) (5,247 ) (1,808 ) (1,414 ) NET AMOUNT RECOGNIZED $ (6,614 ) $ (5,010 ) $ (1,829 ) $ (1,434 ) AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) Net actuarial loss $ 6,088 $ 4,488 $ 2,247 $ 1,731 Prior service cost/(credit) 270 300 (334 ) (346 ) NET AMOUNTS RECOGNIZED IN AOCI $ 6,358 $ 4,788 $ 1,913 $ 1,385 The accumulated benefit obligation for all defined benefit pension plans was $15,546 and $14,239 as of June 30, 2016 and 2015 , respectively. Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit obligations in excess of plan assets consisted of the following: Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets Projected Benefit Obligation Exceeds the Fair Value of Plan Assets Years ended June 30 2016 2015 2016 2015 Projected benefit obligation $ 15,233 $ 13,411 $ 15,853 $ 14,057 Accumulated benefit obligation 13,587 11,918 14,149 12,419 Fair value of plan assets 8,082 7,931 8,657 8,435 Net Periodic Benefit Cost . Components of the net periodic benefit cost were as follows: Pension Benefits Other Retiree Benefits Years ended June 30 2016 2015 2014 2016 2015 2014 AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST Service cost $ 314 $ 317 $ 298 $ 124 $ 156 $ 149 Interest cost 466 545 590 219 240 256 Expected return on plan assets (731 ) (732 ) (701 ) (416 ) (406 ) (385 ) Prior service cost/(credit) amortization 29 30 26 (52 ) (20 ) (20 ) Net actuarial loss amortization 265 275 214 78 105 118 Special termination benefits 6 11 5 12 23 9 GROSS BENEFIT COST/(CREDIT) 349 446 432 (35 ) 98 127 Dividends on ESOP preferred stock — — — (52 ) (58 ) (64 ) NET PERIODIC BENEFIT COST/(CREDIT) $ 349 $ 446 $ 432 $ (87 ) $ 40 $ 63 CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI Net actuarial loss/(gain) - current year $ 2,028 $ 240 $ 597 $ (3 ) Prior service cost/(credit) - current year 8 17 (40 ) (325 ) Amortization of net actuarial loss (265 ) (275 ) (78 ) (105 ) Amortization of prior service (cost)/credit (29 ) (30 ) 52 20 Currency translation and other (172 ) (677 ) (3 ) (34 ) TOTAL CHANGE IN AOCI 1,570 (725 ) 528 (447 ) NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST AND AOCI $ 1,919 $ (279 ) $ 441 $ (407 ) Net periodic benefit costs include amounts related to discontinued operations, which are not material for any period. Amounts expected to be amortized from AOCI into net periodic benefit cost during the year ending June 30, 2017 , are as follows: Pension Benefits Other Retiree Benefits Net actuarial loss $ 400 $ 126 Prior service cost/(credit) 28 (45 ) Assumptions . We determine our actuarial assumptions on an annual basis. These assumptions are weighted to reflect each country that may have an impact on the cost of providing retirement benefits. The weighted average assumptions used to determine benefit obligations recorded on the Consolidated Balance Sheets as of June 30, were as follows: (1) Pension Benefits Other Retiree Benefits 2016 2015 2016 2015 Discount rate 2.1 % 3.1 % 3.6 % 4.5 % Rate of compensation increase 2.9 % 3.1 % N/A N/A Health care cost trend rates assumed for next year N/A N/A 7.2 % 6.8 % Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate) N/A N/A 4.9 % 5.0 % Year that the rate reaches the ultimate trend rate N/A N/A 2021 2021 (1) Determined as of end of year. The weighted average assumptions used to determine net benefit cost recorded on the Consolidated Statement of Earnings for the years ended June 30, were as follows: (1) Pension Benefits Other Retiree Benefits Years ended June 30 2016 2015 2014 2016 2015 2014 Discount rate 3.1 % 3.5 % 4.0 % 4.5 % 4.4 % 4.8 % Expected return on plan assets 7.2 % 7.2 % 7.2 % 8.3 % 8.3 % 8.3 % Rate of compensation increase 3.1 % 3.2 % 3.2 % N/A N/A N/A (1) Determined as of beginning of year and adjusted for acquisitions. Several factors are considered in developing the estimate for the long-term expected rate of return on plan assets. For the defined benefit retirement plans, these factors include historical rates of return of broad equity and bond indices and projected long-term rates of return obtained from pension investment consultants. The expected long-term rates of return for plan assets are 8 - 9% for equities and 5 - 6% for bonds. For other retiree benefit plans, the expected long-term rate of return reflects that the assets are comprised primarily of Company stock. The expected rate of return on Company stock is based on the long-term projected return of 8.5% and reflects the historical pattern of returns. Assumed health care cost trend rates could have a significant effect on the amounts reported for the other retiree benefit plans. A one percentage point change in assumed health care cost trend rates would have the following effects: One-Percentage Point Increase One-Percentage Point Decrease Effect on the total service and interest cost components $ 80 $ (59 ) Effect on the accumulated postretirement benefit obligation 1,057 (809 ) Plan Assets . Our investment objective for defined benefit retirement plan assets is to meet the plans' benefit obligations, while minimizing the potential for future required Company plan contributions. The investment strategies focus on asset class diversification, liquidity to meet benefit payments and an appropriate balance of long-term investment return and risk. Target ranges for asset allocations are determined by matching the actuarial projections of the plans' future liabilities and benefit payments with expected long-term rates of return on the assets, taking into account investment return volatility and correlations across asset classes. Plan assets are diversified across several investment managers and are generally invested in liquid funds that are selected to track broad market equity and bond indices. Investment risk is carefully controlled with plan assets rebalanced to target allocations on a periodic basis and with continual monitoring of investment managers' performance relative to the investment guidelines established with each investment manager. Our target asset allocation for the year ended June 30, 2016 , and actual asset allocation by asset category as of June 30, 2016 and 2015 , were as follows: Target Asset Allocation Actual Asset Allocation at June 30 Pension Benefits Other Retiree Benefits Pension Benefits Other Retiree Benefits Asset Category 2016 2015 2016 2015 Cash 2 % 2 % 2 % 2 % 2 % 1 % Debt securities 55 % 3 % 55 % 50 % 4 % 5 % Equity securities 43 % 95 % 43 % 48 % 94 % 94 % TOTAL 100 % 100 % 100 % 100 % 100 % 100 % The following tables set forth the fair value of the Company's plan assets as of June 30, 2016 and 2015 segregated by level within the fair value hierarchy (refer to Note 9 for further discussion on the fair value hierarchy and fair value principles). Collective funds are valued using the net asset value reported by the managers of the funds and as supported by the unit prices of actual purchase and sale transactions. Company stock listed as Level 2 in the hierarchy represents preferred shares which are valued based on the value of Company common stock. The majority of our Level 3 pension assets are insurance contracts. Their fair values are based on their cash equivalent or models that project future cash flows and discount the future amounts to a present value using market-based observable inputs, including credit risk and interest rate curves. There was no significant activity within the Level 3 pension and other retiree benefits plan assets during the years presented. Pension Benefits Other Retiree Benefits Years ended June 30 Fair Value Hierarchy Level 2016 2015 Fair Value Hierarchy Level 2016 2015 ASSETS AT FAIR VALUE Cash and cash equivalents 1 & 2 $ 262 $ 266 1 $ 70 $ 36 Company stock (1) — — 2 3,545 3,239 Collective fund - equity 2 4,381 5,054 2 14 17 Collective fund - fixed income 2 5,498 5,162 2 158 178 Other (2) 1 & 3 128 123 — — TOTAL ASSETS AT FAIR VALUE $ 10,269 $ 10,605 $ 3,787 $ 3,470 (1) Company stock is net of ESOP debt discussed below. (2) The Company's other pension and other retiree benefit plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension and other retiree benefit plan asset balances classified as Level 1 within the fair value hierarchy. Cash Flows . Management's best estimate of cash requirements and discretionary contributions for the defined benefit retirement plans and other retiree benefit plans for the year ending June 30, 2017 , is $217 and $37 , respectively. For the defined benefit retirement plans, this is comprised of $93 in expected benefit payments from the Company directly to participants of unfunded plans and $124 of expected contributions to funded plans. For other retiree benefit plans, this is comprised of $22 in expected benefit payments from the Company directly to participants of unfunded plans and $15 of expected contributions to funded plans. Expected contributions are dependent on many variables, including the variability of the market value of the plan assets as compared to the benefit obligation and other market or regulatory conditions. In addition, we take into consideration our business investment opportunities and resulting cash requirements. Accordingly, actual funding may differ significantly from current estimates. Total benefit payments expected to be paid to participants, which include payments funded from the Company's assets and payments from the plans are as follows: Years ending June 30 Pension Benefits Other Retiree Benefits EXPECTED BENEFIT PAYMENTS 2017 $ 516 $ 190 2018 527 207 2019 537 221 2020 550 233 2021 588 244 2022 - 2026 3,232 1,365 Employee Stock Ownership Plan We maintain the ESOP to provide funding for certain employee benefits discussed in the preceding paragraphs. The ESOP borrowed $1.0 billion in 1989 and the proceeds were used to purchase Series A ESOP Convertible Class A Preferred Stock to fund a portion of the U.S. DC plan. Principal and interest requirements of the borrowing were paid by the Trust from dividends on the preferred shares and from advances provided by the Company. The original borrowing of $1.0 billion has been repaid in full, and advances from the Company of $74 remain outstanding at June 30, 2016 . Each share is convertible at the option of the holder into one share of the Company's common stock. The dividend for the current year was equal to the common stock dividend of $2.66 per share. The liquidation value is $6.82 per share. In 1991, the ESOP borrowed an additional $1.0 billion . The proceeds were used to purchase Series B ESOP Convertible Class A Preferred Stock to fund a portion of retiree health care benefits. These shares, net of the ESOP's debt, are considered plan assets of the other retiree benefits plan discussed above. Debt service requirements are funded by preferred stock dividends, cash contributions and advances provided by the Company, of which $718 is outstanding at June 30, 2016 . Each share is convertible at the option of the holder into one share of the Company's common stock. The dividend for the current year was equal to the common stock dividend of $2.66 per share. The liquidation value is $12.96 per share. Our ESOP accounting practices are consistent with current ESOP accounting guidance, including the permissible continuation of certain provisions from prior accounting guidance. ESOP debt, which is guaranteed by the Company, is recorded as debt (see Note 10) with an offset to the reserve for ESOP debt retirement, which is presented within Shareholders' equity. Advances to the ESOP by the Company are recorded as an increase in the Reserve for ESOP debt retirement. Interest incurred on the ESOP debt is recorded as Interest expense. Dividends on all preferred shares, net of related tax benefits, are charged to Retained earnings. The series A and B preferred shares of the ESOP are allocated to employees based on debt service requirements. The number of preferred shares outstanding at June 30 was as follows: Shares in thousands 2016 2015 2014 Allocated 39,241 42,044 44,465 Unallocated 6,095 7,228 8,474 TOTAL SERIES A 45,336 49,272 52,939 Allocated 23,925 23,074 22,085 Unallocated 32,319 34,096 35,753 TOTAL SERIES B 56,244 57,170 57,838 For purposes of calculating diluted net earnings per common share, the preferred shares held by the ESOP are considered converted from inception.

RISK MANAGEMENT ACTIVITIES AND

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Risk Management & Fair Value Measurement [Text Block]	RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS As a multinational company with diverse product offerings, we are exposed to market risks, such as changes in interest rates, currency exchange rates and commodity prices. We evaluate exposures on a centralized basis to take advantage of natural exposure correlation and netting. To the extent we choose to manage volatility associated with the net exposures, we enter into various financial transactions that we account for using the applicable accounting guidance for derivative instruments and hedging activities. These financial transactions are governed by our policies covering acceptable counterparty exposure, instrument types and other hedging practices. At inception, we formally designate and document qualifying instruments as hedges of underlying exposures. We formally assess, at inception and at least quarterly thereafter, whether the financial instruments used in hedging transactions are effective at offsetting changes in either the fair value or cash flows of the related underlying exposures. Fluctuations in the value of these instruments generally are offset by changes in the fair value or cash flows of the underlying exposures being hedged. This is driven by the high degree of effectiveness between the exposure being hedged and the hedging instrument. The ineffective portion of a change in the fair value of a qualifying instrument is immediately recognized in earnings. The amount of ineffectiveness recognized was immaterial for all years presented. Credit Risk Management We have counterparty credit guidelines and normally enter into transactions with investment grade financial institutions, to the extent commercially viable. Counterparty exposures are monitored daily and downgrades in counterparty credit ratings are reviewed on a timely basis. We have not incurred, and do not expect to incur, material credit losses on our risk management or other financial instruments. Substantially all of the Company's financial instruments used in hedging transactions are governed by industry standard netting and collateral agreements with counterparties. If the Company's credit rating were to fall below the levels stipulated in the agreements, the counterparties could demand either collateralization or termination of the arrangements. The aggregate fair value of the instruments covered by these contractual features that are in a net liability position as of June 30, 2016 , was not material. The Company has not been required to post collateral as a result of these contractual features. Interest Rate Risk Management Our policy is to manage interest cost using a mixture of fixed-rate and variable-rate debt. To manage this risk in a cost-efficient manner, we enter into interest rate swaps whereby we agree to exchange with the counterparty, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to a notional amount. Interest rate swaps that meet specific accounting criteria are accounted for as fair value or cash flow hedges. For fair value hedges, the changes in the fair value of both the hedging instruments and the underlying debt obligations are immediately recognized in Interest expense. For cash flow hedges, the effective portion of the changes in fair value of the hedging instrument is reported in OCI and reclassified into Interest expense over the life of the underlying debt obligation. The ineffective portion for both cash flow and fair value hedges, which was not material for any year presented, was immediately recognized in Interest expense. Foreign Currency Risk Management We manufacture and sell our products and finance our operations in a number of countries throughout the world. As a result, we are exposed to movements in foreign currency exchange rates. To manage the exchange rate risk primarily associated with the financing of our operations, we have historically used a combination of forward contracts, options and currency swaps. As of June 30, 2016 , we had currency swaps with original maturities up to five years , which are intended to offset the effect of exchange rate fluctuations on intercompany loans denominated in foreign currencies. These swaps are accounted for as cash flow hedges. The effective portion of the changes in fair value of these instruments is reported in OCI and reclassified into SG&A and Interest expense in the same period or periods during which the related hedged transactions affect earnings. The ineffective portion, which was not material for any year presented, was immediately recognized in SG&A. The change in fair values of certain non-qualifying instruments used to manage foreign exchange exposure of intercompany financing transactions and certain balance sheet items subject to revaluation are immediately recognized in earnings, substantially offsetting the foreign currency mark-to-market impact of the related exposures. Net Investment Hedging We hedge certain net investment positions in foreign subsidiaries. To accomplish this, we either borrow directly in foreign currencies and designate all or a portion of the foreign currency debt as a hedge of the applicable net investment position or we enter into foreign currency swaps that are designated as hedges of net investments. Changes in the fair value of these instruments are recognized in OCI to offset the change in the value of the net investment being hedged. The ineffective portion of these hedges, which was not material in any year presented, was immediately recognized in Interest expense. Commodity Risk Management Certain raw materials used in our products or production processes are subject to price volatility caused by weather, supply conditions, political and economic variables and other unpredictable factors. To manage the volatility related to anticipated purchases of certain of these materials, we have historically, on a limited basis, used futures and options with maturities generally less than one year and swap contracts with maturities up to five years . As of and during the years ended June 30, 2016 and 2015 , we did not have any commodity hedging activity. Insurance We self-insure for most insurable risks. However, we purchase insurance for Directors and Officers Liability and certain other coverage where it is required by law or by contract. Fair Value Hierarchy Accounting guidance on fair value measurements for certain financial assets and liabilities requires that financial assets and liabilities carried at fair value be classified and disclosed in one of the following categories: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs reflecting the reporting entity's own assumptions or external inputs from inactive markets. When applying fair value principles in the valuation of assets and liabilities, we are required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company has not changed its valuation techniques used in measuring the fair value of any financial assets or liabilities during the year. Our fair value estimates take into consideration the credit risk of both the Company and our counterparties. When active market quotes are not available for financial assets and liabilities, we use industry standard valuation models. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including credit risk, interest rate curves, foreign currency rates and forward and spot prices for currencies. In circumstances where market-based observable inputs are not available, management judgment is used to develop assumptions to estimate fair value. Generally, the fair value of our Level 3 instruments is estimated as the net present value of expected future cash flows based on external inputs. The following table sets forth the Company's financial assets as of June 30, 2016 and 2015 that were measured at fair value on a recurring basis during the period: Fair Value Asset Years ended June 30 2016 2015 Investments: U.S. government securities $ 4,839 $ 3,495 Corporate bond securities 1,407 1,272 Other investments 28 30 TOTAL $ 6,274 $ 4,797 Investment securities are presented in Available-for-sale investment securities and Other noncurrent assets. The amortized cost of the U.S. government securities with maturities less than one year was $292 and $700 as of June 30, 2016 and 2015 , respectively. The amortized cost of the U.S. government securities with maturities between one and five years was $4,513 and $2,789 as of June 30, 2016 and 2015 , respectively. The amortized cost of corporate bond securities with maturities of less than a year was $382 and $221 as of June 30, 2016 and 2015 , respectively. The amortized cost of corporate bond securities with maturities between one and five years was $1,018 and $1,052 as of June 30, 2016 and 2015 , respectively. The Company's investments measured at fair value are generally classified as Level 2 within the fair value hierarchy. There are no material investment balances classified as either Level 1 or Level 3 within the fair value hierarchy. Fair values are generally estimated based upon quoted market prices for similar instruments. The fair value of long-term debt was $24,362 and $23,127 as of June 30, 2016 and 2015 , respectively. This includes the current portion ( $2,761 and $2,776 as of June 30, 2016 and 2015 , respectively) of debt instruments. Certain long-term debt is recorded at fair value. Certain long-term debt is not recorded at fair value on a recurring basis, but is measured at fair value for disclosure purposes. Long-term debt with fair value of $2,331 and $2,180 as of June 30, 2016 and 2015 , respectively, is classified as Level 2 within the fair value hierarchy. All remaining long-term debt is classified as Level 1 within the fair value hierarchy. Fair values are generally estimated based on quoted market prices for identical or similar instruments. Disclosures about Derivative Instruments The notional amounts and fair values of qualifying and non-qualifying financial instruments used in hedging transactions as of June 30, 2016 and 2015 are as follows: Years ended June 30 Notional Amount Fair Value Asset Fair Value (Liability) 2016 2015 2016 2015 2016 2015 DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Foreign currency contracts $ 798 $ 951 $ 94 $ 312 $ (63 ) $ — DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 4,993 $ 7,208 $ 371 $ 172 $ — $ (13 ) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Net investment hedges $ 3,013 $ 537 $ 28 $ 96 $ (115 ) $ (1 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 6,482 $ 6,610 $ 28 $ 13 $ (38 ) $ (68 ) All derivative assets are presented in Prepaid expenses and other current assets or Other noncurrent assets. All derivative liabilities are presented in Accrued and other liabilities or Other noncurrent liabilities. The total notional amount of contracts outstanding at the end of the period is indicative of the level of the Company's derivative activity during the period. The decrease in the notional balance of interest rate fair value hedges is due to the maturity of fixed rate debt and underlying swaps in the current period. The increase in the notional balance of net investment hedges primarily reflects a movement into Euro cross currency swaps due to lower interest rates in the current period. All of the Company's derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. The Company recognizes transfers between levels within the fair value hierarchy, if any, at the end of each quarter. There were no transfers between levels during the periods presented. In addition, there was no significant activity within the Level 3 assets and liabilities during the periods presented. Except for the impairment charges related to our Batteries business (see Note 4), there were no significant assets or liabilities that were re-measured at fair value on a non-recurring basis during the years ended June 30, 2016 and 2015 . Amount of Gain/(Loss) Recognized in AOCI on Derivatives (Effective Portion) Years ended June 30 2016 2015 DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest rate contracts $ (2 ) $ (1 ) Foreign currency contracts — 5 TOTAL $ (2 ) $ 4 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Net investment hedges $ (53 ) $ 60 During the next 12 months, the amount of the June 30, 2016 AOCI balance that will be reclassified to earnings is expected to be immaterial. The amounts of gains and losses included in earnings from qualifying and non-qualifying financial instruments used in hedging transactions for the years ended June 30, 2016 and 2015 were as follows: Amount of Gain/(Loss) Reclassified from AOCI into Earnings Years ended June 30 2016 2015 DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest rate contracts $ 3 $ 6 Foreign currency contracts (106 ) 152 TOTAL $ (103 ) $ 158 Amount of Gain/(Loss) Recognized in Earnings Years ended June 30 2016 2015 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 212 $ (9 ) Debt (212 ) 9 TOTAL $ — $ — DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Net investment hedges $ (2 ) $ (1 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts (1) $ (120 ) $ (987 ) (1) The gain or loss on non-qualifying foreign currency contracts substantially offsets the foreign currency mark-to-market impact of the related exposure.

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	12 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	SHORT-TERM AND LONG-TERM DEBT Years ended June 30 2016 2015 DEBT DUE WITHIN ONE YEAR Current portion of long-term debt $ 2,760 $ 2,772 Commercial paper 8,690 8,807 Other 203 439 TOTAL $ 11,653 $ 12,018 Short-term weighted average interest rates (1) 0.2 % 0.3 % (1) Short-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9. Years ended June 30 2016 2015 LONG-TERM DEBT 1.45% USD note due August 2016 $ 1,000 $ 1,000 0.75% USD note due November 2016 500 500 Floating rate USD note due November 2016 500 500 5.13% EUR note due October 2017 1,221 1,231 1.60% USD note due November 2018 1,000 1,000 4.70% USD note due February 2019 1,250 1,250 1.90% USD note due November 2019 550 550 0.28% JPY note due May 2020 973 818 4.13% EUR note due December 2020 666 671 9.36% ESOP debentures due 2016-2021 (1) 498 572 1.85% USD note due February 2021 600 — 2.00% EUR note due November 2021 833 839 2.30% USD note due February 2022 1,000 1,000 2.00% EUR note due August 2022 1,110 1,119 3.10% USD note due August 2023 1,000 1,000 1.13% EUR note due November 2023 1,388 — 2.70% USD note due February 2026 600 — 4.88% EUR note due May 2027 1,110 1,119 6.25% GBP note due January 2030 670 786 5.50% USD note due February 2034 500 500 5.80% USD note due August 2034 600 600 5.55% USD note due March 2037 1,400 1,400 Capital lease obligations 45 52 All other long-term debt 2,691 4,592 Current portion of long-term debt (2,760 ) (2,772 ) TOTAL $18,945 $18,327 Long-term weighted average interest rates (2) 3.1 % 3.2 % (1) Debt issued by the ESOP is guaranteed by the Company and is recorded as debt of the Company, as discussed in Note 8. (2) Long-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9. Long-term debt maturities during the next five fiscal years are as follows: Years ending June 30 2017 2018 2019 2020 2021 Debt maturities $2,760 $1,323 $2,357 $2,099 $1,387 The Procter & Gamble Company fully and unconditionally guarantees the registered debt and securities issued by its 100% owned finance subsidiaries.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income [Text Block]	ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) The table below presents the changes in Accumulated other comprehensive income/(loss) (AOCI), including the reclassifications out of Accumulated other comprehensive income/(loss) by component: Changes in Accumulated Other Comprehensive Income/(Loss) by Component Hedges Investment Securities Pension and Other Retiree Benefits Financial Statement Translation Total BALANCE at JUNE 30, 2014 $ (3,876 ) $ (18 ) $ (5,165 ) $ 1,397 $ (7,662 ) OCI before reclassifications (1) 1,390 26 563 (7,475 ) (5,496 ) Amounts reclassified from AOCI (2) (5) (6) (156 ) (2 ) 281 255 378 Net current period OCI 1,234 24 844 (7,220 ) (5,118 ) BALANCE at JUNE 30, 2015 (2,642 ) 6 (4,321 ) (5,823 ) (12,780 ) OCI before reclassifications (3) (103 ) 29 (1,710 ) (1,679 ) (3,463 ) Amounts reclassified from AOCI (4) (5) 104 (1 ) 233 — 336 Net current period OCI 1 28 (1,477 ) (1,679 ) (3,127 ) BALANCE at JUNE 30, 2016 $ (2,641 ) $ 34 $ (5,798 ) $ (7,502 ) $ (15,907 ) (1) Net of tax (benefit) / expense of $741 , $1 and $219 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2015 . (2) Net of tax (benefit) / expense of $(2) , $(1) , and $109 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2015 . (3) Net of tax (benefit) / expense of $6 , $7 , and $(708) for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2016 . (4) Net of tax (benefit) / expense of $(1) , $0 , and $87 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2016 . (5) See Note 9 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. Gains and losses on investment securities are reclassified from AOCI into Other non-operating income, net. Gains and losses on pension and other retiree benefits are reclassified from AOCI into Cost of products sold and SG&A, and are included in the computation of net periodic pension cost (see Note 8 for additional details). (6) Amounts reclassified from AOCI for financial statement translation relate to the foreign currency losses written off as part of the deconsolidation of our Venezuelan subsidiaries in fiscal 2015. These losses were reclassified into the Venezuela deconsolidation charge in the Consolidated Statements of Earnings.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES Guarantees In conjunction with certain transactions, primarily divestitures, we may provide routine indemnifications (e.g., indemnification for representations and warranties and retention of previously existing environmental, tax and employee liabilities) for which terms range in duration and, in some circumstances, are not explicitly defined. The maximum obligation under some indemnifications is also not explicitly stated and, as a result, the overall amount of these obligations cannot be reasonably estimated. Other than obligations recorded as liabilities at the time of divestiture, we have not made significant payments for these indemnifications. We believe that if we were to incur a loss on any of these matters, the loss would not have a material effect on our financial position, results of operations or cash flows. In certain situations, we guarantee loans for suppliers and customers. The total amount of guarantees issued under such arrangements is not material. Off-Balance Sheet Arrangements We do not have off-balance sheet financing arrangements, including variable interest entities, that have a material impact on our financial statements. Purchase Commitments and Operating Leases We have purchase commitments for materials, supplies, services and property, plant and equipment as part of the normal course of business. Commitments made under take-or-pay obligations are as follows: Years ending June 30 2017 2018 2019 2020 2021 Thereafter Purchase obligations $ 881 $ 221 $ 170 $ 129 $ 105 $ 288 Such amounts represent future purchases in line with expected usage to obtain favorable pricing. This includes purchase commitments related to service contracts for information technology, human resources management and facilities management activities that have been outsourced to third-party suppliers. Due to the proprietary nature of many of our materials and processes, certain supply contracts contain penalty provisions for early termination. We do not expect to incur penalty payments under these provisions that would materially affect our financial position, results of operations or cash flows. We also lease certain property and equipment for varying periods. Future minimum rental commitments under non-cancelable operating leases, net of guaranteed sublease income, are as follows: Years ending June 30 2017 2018 2019 2020 2021 Thereafter Operating leases $ 237 $ 240 $ 224 $ 206 $ 154 $ 502 Litigation We are subject to various legal proceedings and claims arising out of our business which cover a wide range of matters such as antitrust, trade and other governmental regulations, product liability, patent and trademark, advertising, contracts, environmental, labor and employment and tax. While considerable uncertainty exists, in the opinion of management and our counsel, the ultimate resolution of the various lawsuits and claims will not materially affect our financial position, results of operations or cash flows. We are also subject to contingencies pursuant to environmental laws and regulations that in the future may require us to take action to correct the effects on the environment of prior manufacturing and waste disposal practices. Based on currently available information, we do not believe the ultimate resolution of environmental remediation will materially affect our financial position, results of operations or cash flows.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	DISCONTINUED OPERATIONS On July 9, 2015 , the Company announced the signing of a definitive agreement to divest four product categories which will be merged with Coty. The divestiture was initially comprised of 43 of the Company's beauty brands (“Beauty Brands”), including the global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, along with select hair styling brands. Subsequent to signing, the fine fragrance brands of Dolce & Gabbana and Christina Aguilera were excluded from the divestiture. In connection with the decision to exclude these brands, the Company recorded a non-cash, before-tax impairment charge in discontinued operations of approximately $48 ( $42 after tax) in fiscal 2016 in order to record the Dolce & Gabbana license intangible asset at its revised estimated net realizable value. On May 11, 2016, the Company entered into a separate transaction to sell the Christina Aguilera brand prior to or concurrent with the expected close date of the Coty transaction. On June 30, 2016 , Dolce & Gabbana and the Shiseido Group announced the signing of the worldwide license agreement for the Dolce & Gabbana beauty business. The Company will transition out of the Dolce & Gabbana license upon the effectiveness of the new license, which is expected to occur prior to or concurrent with the expected close of the Coty transaction. In connection with this transition, the Company agreed to pay a termination payment of $83 ( $76 after tax). This termination payment charge is included in discontinued operations for the year ended June 30, 2016 . While the ultimate form of the Beauty Brands transaction has not yet been decided, the Company’s current preference is for a Reverse Morris Trust split-off transaction in which P&G shareholders could elect to participate in an exchange offer to exchange their P&G shares for shares of a new corporation that would hold the Beauty Brands (excluding Dolce & Gabbana and Christina Aguilera) and then immediately exchange those shares for Coty shares. The Company expects to close the transaction in October 2016. Coty’s offer for the Beauty Brands, which was accepted by the Company, was $12.5 billion . The final value of the transaction will be determined at closing. Based on Coty’s stock price and outstanding shares and equity grants as of June 30, 2016 , the value of the transaction was approximately $13.1 billion . The value is comprised of approximately 411 million shares, or 54% of the diluted equity of the newly combined company, valued at approximately $10.7 billion and the assumption of debt of $2.4 billion by the entity holding the Beauty Brands (excluding Dolce & Gabbana and Christina Aguilera) immediately prior to close of the transaction. The assumed debt is expected to vary between $3.9 billion and $1.9 billion , depending on a $22.06 to $27.06 per share collar of Coty’s stock based on the trading price prior to the close of the transaction, but will be subject to other contractual valuation adjustments. In February 2016, the Company completed the divestiture of its Batteries business to Berkshire Hathaway (BH) via a split transaction, in which the Company exchanged the Duracell Company, which the Company had infused with additional cash, to repurchase all 52.5 million shares of P&G stock owned by BH. During the fiscal year ended June 30, 2016 , the Company recorded non-cash, before-tax goodwill and indefinite-lived asset impairment charges of $402 ( $350 after tax), to reduce the Batteries carrying value to the total estimated proceeds based on the value of BH’s shares in P&G stock at the time of the impairment charges (see Note 4). The Company recorded an after-tax gain on the final transaction of $422 to reflect a subsequent increase in the final value of the BH’s shares in P&G stock. The total value of the transaction was $4.2 billion representing the value of the Duracell business and the cash infusion. The cash infusion of $1.7 billion was reflected as a purchase of treasury stock. On July 31, 2014, the Company completed the divestiture of its Pet Care operations in North America, Latin America, and other selected countries to Mars, Incorporated (Mars) for $2.9 billion in an all-cash transaction. Under the terms of the agreement, Mars acquired our branded pet care products, our manufacturing sites in the United States and the majority of the employees working in the Pet Care business. The agreement included an option for Mars to acquire the Pet Care business in several additional countries, which was also completed in fiscal 2015. The European Union countries were not included in the agreement with Mars. In December 2014, the Company completed the divestiture of its Pet Care operations in Western Europe to Spectrum Brands in an all-cash transaction. Under the terms of the agreement, Spectrum Brands acquired our branded pet care products, our manufacturing site in the Netherlands and the majority of the employees working in the Western Europe Pet Care business. The one-time after-tax impact of these transactions is not material. In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of the Beauty Brands, Batteries and Pet Care businesses are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented. Additionally, the Beauty Brands, Batteries and Pet Care businesses' balance sheet positions are presented as assets and liabilities held for sale in the Consolidated Balance Sheets. The Beauty Brands were historically part of the Company's Beauty reportable segment. The Batteries business was historically part of the Company's Fabric & Home Care reportable segment. The Pet Care business was historically part of the Company's Health Care reportable segment. On July 1, 2015, the Company adopted ASU 2014-08, which included new reporting and disclosure requirements for discontinued operations. The new requirements are effective for discontinued operations occurring on or after the adoption date, which includes the Beauty Brands divestiture. All other discontinued operations prior to July 1, 2015 are reported based on the previous disclosure requirements for discontinued operations, including the Batteries and Pet Care divestitures. The following table summarizes Net earnings/(loss) from discontinued operations and reconciles to the Consolidated Statements of Earnings: Years ended June 30 2016 2015 2014 Beauty Brands $ 336 $ 643 $ 660 Batteries 241 (1,835 ) 389 Pet Care — 49 78 Net earnings/(loss) from discontinued operations $ 577 $ (1,143 ) $ 1,127 The following table summarizes total assets and liabilities held for sale and reconciles to the Consolidated Balance Sheets: Years ended June 30 2016 2015 Beauty Brands Beauty Brands Batteries Total Current assets held for sale $ 7,185 $ 922 $ 3,510 $ 4,432 Noncurrent assets held for sale — 5,204 — 5,204 Total assets held for sale $ 7,185 $ 6,126 $ 3,510 $ 9,636 Current liabilities held for sale $ 2,343 $ 356 $ 1,187 $ 1,543 Noncurrent liabilities held for sale — 717 — 717 Total liabilities held for sale $ 2,343 $ 1,073 $ 1,187 $ 2,260 The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Beauty Brands: Beauty Brands Years ended June 30 2016 2015 2014 Net sales $ 4,910 $ 5,530 $ 6,109 Cost of products sold 1,621 1,820 1,980 Selling, general and administrative expense 2,763 2,969 3,299 Intangible asset impairment charges 48 — — Interest expense 32 — 1 Interest income 2 2 2 Other non-operating income/(loss), net 9 91 (3 ) Earnings from discontinued operations before income taxes $ 457 $ 834 $ 828 Income taxes on discontinued operations 121 191 168 Net earnings/(loss) from discontinued operations $ 336 $ 643 $ 660 Included in Net earnings/(loss) from discontinued operations is $112 of transition costs that were incurred for the fiscal year ended June 30, 2016 . The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands: Beauty Brands Years ended June 30 2016 2015 2014 NON-CASH OPERATING ITEMS Depreciation and amortization $ 106 $ 125 $ 127 Gain on sale of businesses 8 86 — Goodwill and intangible asset impairment charges 48 — — CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures $ 114 $ 106 $ 108 The major components of assets and liabilities of the Beauty Brands held for sale are provided below. The assets and liabilities held for sale will evolve up to the closing date for normal operational changes as well as contractual adjustments including the assumption of debt, pension plan funding and other provisions. Beauty Brands Years ended June 30 2016 (1) 2015 Cash $ 40 $ 9 Restricted cash 996 (2) — Accounts receivable 384 293 Inventories 494 476 Prepaid expenses and other current assets 126 144 Property, plant and equipment, net 629 613 (3) Goodwill and intangible assets, net 4,411 4,513 (3) Other noncurrent assets 105 78 (3) Total current assets held for sale $ 7,185 $ 922 Total noncurrent assets held for sale — 5,204 Total assets held for sale $ 7,185 $ 6,126 Accounts payable $ 148 $ 118 Accrued and other liabilities 384 238 Noncurrent deferred tax liabilities 370 352 (3) Long-term debt 996 (2) — Other noncurrent liabilities 445 365 (3) Total current liabilities held for sale $ 2,343 $ 356 Total noncurrent liabilities held for sale — 717 Total liabilities held for sale $ 2,343 $ 1,073 (1) The Company expects the Beauty Brands transaction to close in October 2016. Therefore, for the period ended June 30, 2016 , all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets. (2) On January 26, 2016, Beauty Brands drew on its Term B loan of $1.0 billion . The proceeds will be held in restricted cash in escrow until the anticipated legal integration activities prior to close. Beauty Brands has received additional debt funding commitments with a consortium of lenders of $3.5 billion . (3) Amounts as of June 30, 2015 , are reflected as part of the noncurrent assets and liabilities held for sale. Following is selected financial information included in Net earnings/(loss) from discontinued operations for the Batteries and Pet Care businesses: Net Sales Earnings Before Impairment Charges and Income Taxes Impairment Charges Income Tax (Expense)/Benefit Gain/(Loss) on Sale Before Income Taxes Income Tax (Expense)/Benefit on Sale Net Earnings/(Loss) from Discontinued Operations Batteries 2016 $ 1,517 $ 266 $ (402 ) $ (45 ) $ (288 ) $ 710 (1) $ 241 2015 2,226 479 (2,174 ) (140 ) — — (1,835 ) 2014 2,552 548 — (159 ) — — 389 Pet Care 2016 — — — — — — — 2015 251 — — (4 ) 195 (142 ) 49 2014 1,475 130 — (52 ) — — 78 Total 2016 $ 1,517 $ 266 $ (402 ) $ (45 ) $ (288 ) $ 710 (1) $ 241 2015 2,477 479 (2,174 ) (144 ) 195 (142 ) (1,786 ) 2014 4,027 678 — (211 ) — — 467 (1) The income tax benefit of the Batteries divestiture primarily represents the reversal of underlying deferred tax balances. The major components of assets and liabilities of the Batteries business held for sale were as follows: Batteries Year ended June 30 2015 Cash $ 25 Accounts receivable 245 Inventories 304 Prepaid expenses and other current assets 28 Property, plant and equipment, net 496 Goodwill and intangible assets, net 2,389 Other noncurrent assets 23 Total assets held for sale $ 3,510 Accounts payable $ 195 Accrued and other liabilities 194 Long-term debt 18 Noncurrent deferred tax liabilities 780 Total liabilities held for sale $ 1,187

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)	12 Months Ended
	Jun. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	QUARTERLY RESULTS (UNAUDITED) Quarters Ended Sep 30 Dec 31 Mar 31 Jun 30 Total Year NET SALES 2015-2016 $ 16,527 $ 16,915 $ 15,755 $ 16,102 $ 65,299 2014-2015 18,771 18,495 16,930 16,553 70,749 OPERATING INCOME 2015-2016 3,768 3,853 3,318 2,502 13,441 2014-2015 3,633 3,579 3,025 812 (1) 11,049 GROSS MARGIN 2015-2016 50.7 % 50.0 % 49.8 % 47.9 % 49.6 % 2014-2015 48.1 % 48.3 % 47.3 % 46.6 % 47.6 % NET EARNINGS: Net earnings from continuing operations 2015-2016 $ 2,777 $ 2,905 $ 2,337 $ 2,008 $ 10,027 2014-2015 2,716 2,674 2,401 496 (1) 8,287 Net earnings/(loss) from discontinued operations 2015-2016 (142 ) 323 446 (50 ) 577 2014-2015 (696 ) (276 ) (213 ) 42 (1,143 ) Net earnings attributable to Procter & Gamble 2015-2016 2,601 3,206 2,750 1,951 10,508 2014-2015 1,990 2,372 2,153 521 7,036 DILUTED NET EARNINGS PER COMMON SHARE: (2) Earnings from continuing operations 2015-2016 $ 0.96 $ 1.01 $ 0.81 $ 0.71 $ 3.49 2014-2015 0.93 0.92 0.82 0.17 2.84 Earnings/(loss) from discontinued operations 2015-2016 (0.05 ) 0.11 0.16 (0.02 ) 0.20 2014-2015 (0.24 ) (0.10 ) (0.07 ) 0.01 (0.40 ) Net earnings 2015-2016 0.91 1.12 0.97 0.69 3.69 2014-2015 0.69 0.82 0.75 0.18 2.44 (1) The Company recorded a one-time Venezuela deconsolidation charge of $2.0 billion before tax ( $2.1 billion after tax) in the quarter-ended June 30, 2015 . This impact is discussed more fully in Note 1. (2) Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Procter & Gamble Company's (the "Company," "Procter & Gamble," "we" or "us") business is focused on providing branded consumer packaged goods of superior quality and value. Our products are sold in more than 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies. We have on-the-ground operations in approximately 70 countries.
Basis of Accounting, Policy	Basis of Presentation The Consolidated Financial Statements include the Company and its controlled subsidiaries. Intercompany transactions are eliminated. Prior year amounts have been reclassified to conform with current year presentation for amounts related to segment reporting (see Note 2) and discontinued operations (see Note 13). There are a number of currency and other operating controls and restrictions in Venezuela, which have evolved over time and may continue to evolve in the future. These evolving conditions resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar and restricted our Venezuelan operations’ ability to pay dividends and satisfy certain other obligations denominated in U.S. dollars. For accounting purposes, this resulted in a lack of control over our Venezuelan subsidiaries. Therefore, in accordance with the applicable accounting standards for consolidation, effective June 30, 2015 , we deconsolidated our Venezuelan subsidiaries and began accounting for our investment in those subsidiaries using the cost method of accounting. This resulted in a write-off of all of the net assets of our Venezuelan subsidiaries, along with Venezuela related assets held by other subsidiaries. Beginning with the first quarter of fiscal 2016, our financial results only include sales of finished goods to our Venezuelan subsidiaries to the extent we receive payments from Venezuela. Accordingly, we no longer include the results of our Venezuelan subsidiaries’ operations in our financial results.
Use of Estimates	Use of Estimates Preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying disclosures. These estimates are based on management's best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, consumer and trade promotion accruals, restructuring reserves, pensions, post-employment benefits, stock options, valuation of acquired intangible assets, useful lives for depreciation and amortization of long-lived assets, future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets, deferred tax assets, uncertain income tax positions and contingencies. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the financial statements in any individual year. However, in regard to ongoing impairment testing of goodwill and indefinite-lived intangible assets, significant deterioration in future cash flow projections or other assumptions used in estimating fair values versus those anticipated at the time of the initial valuations, could result in impairment charges that materially affect the financial statements in a given year.
Revenue Recognition	Revenue Recognition Sales are recognized when revenue is realized or realizable and has been earned. Revenue transactions represent sales of inventory. The revenue recorded is presented net of sales and other taxes we collect on behalf of governmental authorities. The revenue includes shipping and handling costs, which generally are included in the list price to the customer. Our policy is to recognize revenue when title to the product, ownership and risk of loss transfer to the customer, which can be on the date of shipment or the date of receipt by the customer. A provision for payment discounts and product return allowances is recorded as a reduction of sales in the same period the revenue is recognized. Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are offered through various programs to customers and consumers. Sales are recorded net of trade promotion spending, which is recognized as incurred, generally at the time of the sale. Most of these arrangements have terms of approximately one year. Accruals for expected payouts under these programs are included as accrued marketing and promotion in the Accrued and other liabilities line item in the Consolidated Balance Sheets.
Cost of Products Sold	Cost of Products Sold Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacturing of product, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity.
Selling, General and Administrative Expense	Selling, General and Administrative Expense Selling, general and administrative expense (SG&A) is primarily comprised of marketing expenses, selling expenses, research and development costs, administrative and other indirect overhead costs, depreciation and amortization expense on non-manufacturing assets and other miscellaneous operating items. Research and development costs are charged to expense as incurred and were $1.9 billion in 2016 , $2.0 billion in 2015 and $1.9 billion in 2014 (reported in Net earnings from continuing operations). Advertising costs, charged to expense as incurred, include worldwide television, print, radio, internet and in-store advertising expenses and were $7.2 billion in 2016 , $7.2 billion in 2015 and $7.9 billion in 2014 (reported in Net earnings from continuing operations). Non-advertising related components of the Company's total marketing spending include costs associated with consumer promotions, product sampling and sales aids, which are included in SG&A, as well as coupons and customer trade funds, which are recorded as reductions to Net sales.
Other Non-Operating Income, Net	Other Non-Operating Income, Net Other non-operating income, net, primarily includes net acquisition and divestiture gains and investment income.
Currency Translation	Currency Translation Financial statements of operating subsidiaries outside the U.S. generally are measured using the local currency as the functional currency. Adjustments to translate those statements into U.S. dollars are recorded in Other comprehensive income (OCI). For subsidiaries operating in highly inflationary economies, the U.S. dollar is the functional currency. Re-measurement adjustments for financial statements in highly inflationary economies and other transactional exchange gains and losses are reflected in earnings.
Cash Flow Presentation	Cash Flow Presentation The Consolidated Statements of Cash Flows are prepared using the indirect method, which reconciles net earnings to cash flow from operating activities. Cash flows from foreign currency transactions and operations are translated at an average exchange rate for the period. Cash flows from hedging activities are included in the same category as the items being hedged. Cash flows from derivative instruments designated as net investment hedges are classified as financing activities. Realized gains and losses from non-qualifying derivative instruments used to hedge currency exposures resulting from intercompany financing transactions are also classified as financing activities. Cash flows from other derivative instruments used to manage interest, commodity or other currency exposures are classified as operating activities. Cash payments related to income taxes are classified as operating activities. Cash flows from the Company's discontinued operations are included in the Consolidated Statements of Cash Flows.
Investments	Investments Investment securities consist of readily marketable debt and equity securities. Unrealized gains or losses from investments classified as trading, if any, are charged to earnings. Unrealized gains or losses on securities classified as available-for-sale are generally recorded in OCI. If an available-for-sale security is other than temporarily impaired, the loss is charged to either earnings or OCI depending on our intent and ability to retain the security until we recover the full cost basis and the extent of the loss attributable to the creditworthiness of the issuer. Investment securities are included as Available-for-sale investment securities and Other noncurrent assets in the Consolidated Balance Sheets. Investments in certain companies over which we exert significant influence, but do not control the financial and operating decisions, are accounted for as equity method investments. Other investments that are not controlled, and over which we do not have the ability to exercise significant influence, are accounted for under the cost method. Both equity and cost method investments are included as Other noncurrent assets in the Consolidated Balance Sheets.
Inventory Valuation	Inventory Valuation Inventories are valued at the lower of cost or market value. Product-related inventories are maintained on the first-in, first-out method. The cost of spare part inventories is maintained using the average-cost method.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment is recorded at cost reduced by accumulated depreciation. Depreciation expense is recognized over the assets' estimated useful lives using the straight-line method. Machinery and equipment includes office furniture and fixtures ( 15 -year life), computer equipment and capitalized software ( 3 - to 5 -year lives) and manufacturing equipment ( 3 - to 20 -year lives). Buildings are depreciated over an estimated useful life of 40 years. Estimated useful lives are periodically reviewed and, when appropriate, changes are made prospectively. When certain events or changes in operating conditions occur, asset lives may be adjusted and an impairment assessment may be performed on the recoverability of the carrying amounts.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized, but are evaluated for impairment annually or more often if indicators of a potential impairment are present. Our annual impairment testing of goodwill is performed separately from our impairment testing of indefinite-lived intangible assets. We have acquired brands that have been determined to have indefinite lives. Those assets are evaluated annually for impairment. We evaluate a number of factors to determine whether an indefinite life is appropriate, including the competitive environment, market share, brand history, product life cycles, operating plans and the macroeconomic environment of the countries in which the brands are sold. In addition, when certain events or changes in operating conditions occur, an additional impairment assessment is performed and indefinite-lived assets may be adjusted to a determinable life. The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology and other intangible assets with contractual terms are generally amortized over their respective legal or contractual lives. Customer relationships, brands and other non-contractual intangible assets with determinable lives are amortized over periods generally ranging from 5 to 30 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and remaining lives of intangible assets with determinable lives may be adjusted. For additional details on goodwill and intangible assets see Note 4.
Fair Values of Financial Instruments	Fair Values of Financial Instruments Certain financial instruments are required to be recorded at fair value. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. Other financial instruments, including cash equivalents, certain investments and short-term debt, are recorded at cost, which approximates fair value. The fair values of long-term debt and financial instruments are disclosed in Note 9.
New Accounting Pronouncements and Policies	New Accounting Pronouncements and Policies In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. We will adopt the standard no later than July 1, 2018. While we are currently assessing the impact of the new standard, we do not expect this new guidance to have a material impact on our Consolidated Financial Statements. On July 1, 2015, the Company adopted ASU 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity". The guidance included new reporting and disclosure requirements for discontinued operations. For additional details on discontinued operations, see Note 13. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. The standard requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. We will adopt the standard no later than July 1, 2019. We are currently assessing the impact that the new standard will have on our Consolidated Financial Statements. For additional details on our operating leases, see Note 12. In March 2016, the FASB issued ASU 2016-09, “Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The standard amends several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. We will adopt the standard no later than July 1, 2017. While we are currently assessing the impact of the new standard, we do not expect the new guidance to have a material impact on our Consolidated Financial Statements. No other new accounting pronouncement issued or effective during the fiscal year had or is expected to have a material impact on our Consolidated Financial Statements.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Nine business units individually accounted for 5% or more of consolidated net sales as follows: % of Sales by Business Unit* Years ended June 30 2016 2015 2014 Fabric Care 22% 22% 22% Baby Care 14% 15% 15% Hair Care 10% 11% 11% Home Care 10% 9% 9% Shave Care 9% 9% 10% Family Care 8% 8% 7% Oral Care 8% 8% 7% Skin and Personal Care 8% 7% 7% Feminine Care 6% 6% 6% All Other 5% 5% 6% TOTAL 100% 100% 100% * % of sales by business unit excludes sales held in Corporate. Global Segment Results Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Depreciation and Amortization Total Assets Capital Expenditures BEAUTY (1) 2016 $ 11,477 $ 2,636 $ 1,975 $ 218 $ 3,888 $ 435 2015 12,608 2,895 2,181 247 4,004 411 2014 13,401 3,020 2,300 256 4,564 376 GROOMING 2016 6,815 2,009 1,548 451 22,819 383 2015 7,441 2,374 1,787 540 23,090 372 2014 8,009 2,589 1,954 576 23,767 369 HEALTH CARE 2016 7,350 1,812 1,250 204 5,139 240 2015 7,713 1,700 1,167 202 5,212 218 2014 7,798 1,597 1,083 199 5,879 253 FABRIC & HOME CARE 2016 20,730 4,249 2,778 531 6,919 672 2015 22,274 4,059 2,634 547 7,155 986 2014 23,506 4,264 2,770 539 7,938 1,057 BABY, FEMININE & FAMILY CARE 2016 18,505 4,042 2,650 886 9,863 1,261 2015 20,247 4,317 2,938 924 10,109 1,337 2014 20,950 4,310 2,940 908 10,946 1,317 CORPORATE (1) (2) 2016 422 (1,379 ) (174 ) 788 78,508 323 2015 466 (4,333 ) (2,420 ) 674 79,925 412 2014 737 (2,271 ) (389 ) 663 91,172 476 TOTAL COMPANY 2016 $ 65,299 $ 13,369 $ 10,027 $ 3,078 $ 127,136 $ 3,314 2015 70,749 11,012 8,287 3,134 129,495 3,736 2014 74,401 13,509 10,658 3,141 144,266 3,848 (1) Prior year adjustments were made to total assets for the Beauty and Corporate reportable segments related to certain Beauty Brands trademarks included in the scope of the Beauty Brands transaction. (2) The Corporate reportable segment includes depreciation and amortization, total assets and capital expenditures of the Pet Care and Batteries businesses prior to their divestiture and of the Beauty Brands businesses.

SUPPLEMENTAL FINANCIAL INFORM27

SUPPLEMENTAL FINANCIAL INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Property, Plant and Equipment [Table Text Block]	The components of property, plant and equipment were as follows: Years ended June 30 2016 2015 PROPERTY, PLANT AND EQUIPMENT Buildings $ 6,885 $ 6,949 Machinery and equipment 29,506 29,420 Land 769 763 Construction in progress 2,706 2,931 TOTAL PROPERTY, PLANT AND EQUIPMENT 39,866 40,063 Accumulated depreciation (20,481 ) (20,408 ) PROPERTY, PLANT AND EQUIPMENT, NET $ 19,385 $ 19,655
Other Liabilities [Table Text Block]	Selected components of current and noncurrent liabilities were as follows: Years ended June 30 2016 2015 ACCRUED AND OTHER LIABILITIES - CURRENT Marketing and promotion $ 2,820 $ 2,798 Compensation expenses 1,457 1,390 Restructuring reserves 315 389 Taxes payable 397 845 Legal and environmental 158 205 Other 2,302 2,464 TOTAL $ 7,449 $ 8,091 OTHER NONCURRENT LIABILITIES Pension benefits $ 6,761 $ 5,247 Other postretirement benefits 1,808 1,414 Uncertain tax positions 952 1,016 Other 804 755 TOTAL $ 10,325 $ 8,432
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table presents restructuring activity for the years ended June 30, 2016 and 2015 : Amounts in millions Separations Asset-Related Costs Other Total RESERVE JUNE 30, 2014 $ 353 $ — $ 28 $ 381 Charges 516 289 263 1,068 Cash spent (507 ) — (264 ) (771 ) Charges against assets — (289 ) — (289 ) RESERVE JUNE 30, 2015 362 — 27 389 Charges 262 432 283 977 Cash spent (381 ) — (238 ) (619 ) Charges against assets — (432 ) — (432 ) RESERVE JUNE 30, 2016 $ 243 $ — $ 72 $ 315
Restructuring and Related Costs [Table Text Block]	However, for informative purposes, the following table summarizes the total restructuring costs related to our reportable segments: Years ended June 30 2016 2015 Beauty $ 72 $ 63 Grooming 42 57 Health Care 26 32 Fabric & Home Care 250 197 Baby, Feminine & Family Care 225 192 Corporate (1) 362 527 Total Company $ 977 $ 1,068 (1) Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities and costs related to discontinued operations from our Batteries and Beauty Brands businesses.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The change in the net carrying amount of goodwill by reportable segment was as follows: Beauty Grooming Health Care Fabric & Home Care Baby, Feminine & Family Care Corporate Total Company GOODWILL at JUNE 30, 2014 - Gross $ 14,065 $ 22,097 $ 6,280 $ 1,981 $ 4,910 $ 2,554 $ 51,887 Accumulated impairment losses at June 30, 2014 — (1,158 ) — — — — (1,158 ) GOODWILL at JUNE 30, 2014 - Net 14,065 20,939 6,280 1,981 4,910 2,554 50,729 Acquisitions and divestitures (136 ) — (6 ) (3 ) — (449 ) (594 ) Goodwill impairment charges — — — — — (2,064 ) (2,064 ) Translation and other (1,225 ) (1,320 ) (398 ) (104 ) (361 ) (41 ) (3,449 ) GOODWILL at JUNE 30, 2015 - Gross (1) 12,704 20,777 5,876 1,874 4,549 2,064 47,844 Accumulated impairment losses at June 30, 2015 (1) — (1,158 ) — — — (2,064 ) (3,222 ) GOODWILL at JUNE 30, 2015 - Net 12,704 19,619 5,876 1,874 4,549 — 44,622 Acquisitions and divestitures (2 ) — (2 ) — — — (4 ) Translation and other (57 ) (142 ) (34 ) (18 ) (17 ) — (268 ) GOODWILL at JUNE 30, 2016 - Gross 12,645 20,635 5,840 1,856 4,532 — 45,508 Accumulated impairment losses at June 30, 2016 — (1,158 ) — — — — (1,158 ) GOODWILL at JUNE 30, 2016 - Net $ 12,645 $ 19,477 $ 5,840 $ 1,856 $ 4,532 $ — $ 44,350 (1) Balances in Corporate segment reflect the gross value of the Batteries goodwill and the corresponding impairment charges recorded against the business to reflect the value of BH's shares in P&G stock as of June 30, 2015. The Batteries business was divested in February 2016.
Intangible Assets Disclosure [Text Block]	Identifiable intangible assets were comprised of: 2016 2015 Years ended June 30 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization INTANGIBLE ASSETS WITH DETERMINABLE LIVES Brands $ 3,409 $ (2,032 ) $ 3,039 $ (1,721 ) Patents and technology 2,624 (2,164 ) 2,619 (2,028 ) Customer relationships 1,382 (514 ) 1,395 (464 ) Other 246 (130 ) 252 (123 ) TOTAL $ 7,661 $ (4,840 ) $ 7,305 $ (4,336 ) INTANGIBLE ASSETS WITH INDEFINITE LIVES Brands 21,706 — 22,041 — TOTAL $ 29,367 $ (4,840 ) $ 29,346 $ (4,336 )
Schedule of Amortization Expense [Table Text Block]	Amortization expense of intangible assets was as follows: Years ended June 30 2016 2015 2014 Intangible asset amortization $ 388 $ 457 $ 514
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated amortization expense over the next five fiscal years is as follows: Years ending June 30 2017 2018 2019 2020 2021 Estimated amortization expense $ 326 $ 298 $ 281 $ 255 $ 206

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Earnings from continuing operations before income taxes consisted of the following: Years ended June 30 2016 2015 2014 United States $ 8,788 $ 8,496 $ 8,513 International 4,581 2,516 4,996 TOTAL $ 13,369 $ 11,012 $ 13,509
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Income taxes on continuing operations consisted of the following: Years ended June 30 2016 2015 2014 CURRENT TAX EXPENSE U.S. federal $ 1,673 $ 2,127 $ 1,399 International 1,483 1,142 1,252 U.S. state and local 224 252 237 3,380 3,521 2,888 DEFERRED TAX EXPENSE U.S. federal 33 (607 ) 145 International and other (71 ) (189 ) (182 ) (38 ) (796 ) (37 ) TOTAL TAX EXPENSE $ 3,342 $ 2,725 $ 2,851
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	A reconciliation of the U.S. federal statutory income tax rate to our actual income tax rate on continuing operations is provided below: Years ended June 30 2016 2015 2014 U.S. federal statutory income tax rate 35.0 % 35.0 % 35.0 % Country mix impacts of foreign operations (9.1 )% (14.0 )% (10.8 )% Changes in uncertain tax positions (0.5 )% (0.9 )% (1.7 )% Venezuela deconsolidation charge — % 6.6 % — % Other (0.4 )% (2.0 )% (1.4 )% EFFECTIVE INCOME TAX RATE 25.0 % 24.7 % 21.1 %
Summary of Income Tax Contingencies [Table Text Block]	A reconciliation of the beginning and ending liability for uncertain tax positions is as follows: Years ended June 30 2016 2015 2014 BEGINNING OF YEAR $ 1,096 $ 1,437 $ 1,600 Increases in tax positions for prior years 124 87 146 Decreases in tax positions for prior years (97 ) (146 ) (296 ) Increases in tax positions for current year 97 118 142 Settlements with taxing authorities (301 ) (250 ) (135 ) Lapse in statute of limitations (39 ) (27 ) (33 ) Currency translation (23 ) (123 ) 13 END OF YEAR $ 857 $ 1,096 $ 1,437
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred income tax assets and liabilities were comprised of the following: Years ended June 30 2016 2015 DEFERRED TAX ASSETS Pension and postretirement benefits $ 2,226 $ 1,739 Loss and other carryforwards 1,077 1,014 Stock-based compensation 845 949 Advance payments 515 281 Accrued marketing and promotion 240 266 Unrealized loss on financial and foreign exchange transactions 122 183 Fixed assets 216 139 Inventory 61 49 Accrued interest and taxes 55 48 Other 764 839 Valuation allowances (467 ) (324 ) TOTAL $ 5,654 $ 5,183 DEFERRED TAX LIABILITIES Goodwill and other intangible assets $ 9,461 $ 9,530 Fixed assets 1,533 1,590 Unrealized gain on financial and foreign exchange transactions 387 353 Other 105 149 TOTAL $ 11,486 $ 11,622

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net earnings/(loss) attributable to Procter & Gamble and common shares used to calculate Basic and Diluted net earnings per share were as follows: Years ended June 30 2016 2015 2014 CONSOLIDATED AMOUNTS Continuing Operations Dis-continued Operations Total Continuing Operations Dis-continued Operations Total Continuing Operations Dis-continued Operations Total Net earnings/(loss) $ 10,027 $ 577 $ 10,604 $ 8,287 $ (1,143 ) $ 7,144 $ 10,658 $ 1,127 $ 11,785 Net earnings attributable to noncontrolling interests (96 ) — (96 ) (98 ) (10 ) (108 ) (120 ) (22 ) (142 ) Net earnings/(loss) attributable to P&G (Diluted) 9,931 577 10,508 8,189 (1,153 ) 7,036 10,538 1,105 11,643 Preferred dividends, net of tax (255 ) — (255 ) (259 ) — (259 ) (253 ) — (253 ) Net earnings/(loss) attributable to P&G available to common shareholders (Basic) $ 9,676 $ 577 $ 10,253 $ 7,930 $ (1,153 ) $ 6,777 $ 10,285 $ 1,105 $ 11,390 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,698.9 2,698.9 2,698.9 2,711.7 2,711.7 2,711.7 2,719.8 2,719.8 2,719.8 Add: Effect of dilutive securities Conversion of preferred shares (1) 103.9 103.9 103.9 108.6 108.6 108.6 112.3 112.3 112.3 Impact of stock options and other unvested equity awards (2) 41.6 41.6 41.6 63.3 63.3 63.3 72.6 72.6 72.6 Diluted weighted average common shares outstanding 2,844.4 2,844.4 2,844.4 2,883.6 2,883.6 2,883.6 2,904.7 2,904.7 2,904.7 PER SHARE AMOUNTS Basic net earnings/(loss) per common share (3) $ 3.59 $ 0.21 $ 3.80 $ 2.92 $ (0.42 ) $ 2.50 $ 3.78 $ 0.41 $ 4.19 Diluted net earnings/(loss) per common share (3) $ 3.49 $ 0.20 $ 3.69 $ 2.84 $ (0.40 ) $ 2.44 $ 3.63 $ 0.38 $ 4.01 (1) Despite being included currently in Diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035. (2) Outstanding stock options of approximately 55 million in 2016 , 8 million in 2015 and 9 million in 2014 were not included in the Diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares). (3) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings/(loss) attributable to Procter & Gamble.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Activity [Table Text Block]	Years ended June 30 2016 2015 2014 STOCK-BASED COMPENSATION EXPENSE Stock options $ 199 $ 223 $ 246 RSUs and PSUs 143 114 114 Income tax benefit $ 85 $ 109 $ 127
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	Assumptions utilized in the model, which are evaluated and revised to reflect market conditions and experience, were as follows: Years ended June 30 2016 2015 2014 Interest rate 0.7 - 1.9 % 0.1 - 2.1 % 0.1 - 2.8 % Weighted average interest rate 1.8 % 2.0 % 2.5 % Dividend yield 3.2 % 3.1 % 3.1 % Expected volatility 15 - 17 % 11 - 15 % 15 - 17 % Weighted average volatility 16 % 15 % 16 % Expected life in years 8.3 8.3 8.2
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of options, RSUs and PSUs outstanding under the plans as of June 30, 2016 and activity during the year then ended is presented below: Options Options (in thousands) Weighted Average Exercise Price Weighted Average Contract-ual Life in Years Aggregate Intrinsic Value Outstanding, beginning of year 260,292 $ 63.74 Granted 21,848 79.01 Exercised (50,175 ) 49.40 Canceled (1,568 ) 73.70 OUTSTANDING, END OF YEAR 230,397 $ 68.02 5.1 $ 3,440 EXERCISABLE 164,578 $ 62.63 3.6 $ 3,263
Schedule of Nonvested Share Activity [Table Text Block]	RSUs PSUs Other stock-based awards Units (in thousands) Weighted Average Grant Date Fair Value Units (in thousands) Weighted Average Grant Date Fair Value Non-vested at July 1, 2015 5,008 $ 64.78 1,188 $ 74.48 Granted 1,855 66.32 571 73.02 Vested (1,453 ) 61.64 (613 ) 71.68 Forfeited (136 ) 67.17 — — Non-vested at June 30, 2016 5,274 $ 65.53 1,146 $ 75.25

POSTRETIREMENT BENEFITS AND E32

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	12 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]	Obligation and Funded Status . The following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans: Pension Benefits (1) Other Retiree Benefits (2) Years ended June 30 2016 2015 2016 2015 CHANGE IN BENEFIT OBLIGATION Benefit obligation at beginning of year (3) $ 15,951 $ 17,053 $ 4,904 $ 5,505 Service cost 314 317 124 156 Interest cost 466 545 219 240 Participants' contributions 17 19 74 71 Amendments 8 17 (40 ) (325 ) Actuarial loss/(gain) 1,927 524 589 (399 ) Acquisitions/(divestitures) (21 ) 7 (7 ) — Special termination benefits 6 11 12 23 Currency translation and other (826 ) (1,908 ) (14 ) (134 ) Benefit payments (557 ) (634 ) (229 ) (233 ) BENEFIT OBLIGATION AT END OF YEAR (3) $ 17,285 $ 15,951 $ 5,632 $ 4,904 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 10,605 $ 11,098 $ 3,470 $ 3,574 Actual return on plan assets 630 1,016 408 10 Acquisitions/(divestitures) (13 ) — — — Employer contributions 306 262 32 18 Participants' contributions 17 19 74 71 Currency translation and other (719 ) (1,156 ) (8 ) (6 ) ESOP debt impacts (4) — — 40 36 Benefit payments (557 ) (634 ) (229 ) (233 ) FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 10,269 $ 10,605 $ 3,787 $ 3,470 Reclassification of net obligation to held for sale liabilities 402 336 16 — FUNDED STATUS $ (6,614 ) $ (5,010 ) $ (1,829 ) $ (1,434 ) (1) Primarily non-U.S.-based defined benefit retirement plans. (2) Primarily U.S.-based other postretirement benefit plans. (3) For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation. (4) Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits.
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]	Pension Benefits Other Retiree Benefits Years ended June 30 2016 2015 2016 2015 CLASSIFICATION OF NET AMOUNT RECOGNIZED Noncurrent assets $ 180 $ 276 $ — $ — Current liabilities (33 ) (39 ) (21 ) (20 ) Noncurrent liabilities (6,761 ) (5,247 ) (1,808 ) (1,414 ) NET AMOUNT RECOGNIZED $ (6,614 ) $ (5,010 ) $ (1,829 ) $ (1,434 ) AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) Net actuarial loss $ 6,088 $ 4,488 $ 2,247 $ 1,731 Prior service cost/(credit) 270 300 (334 ) (346 ) NET AMOUNTS RECOGNIZED IN AOCI $ 6,358 $ 4,788 $ 1,913 $ 1,385
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]	Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit obligations in excess of plan assets consisted of the following: Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets Projected Benefit Obligation Exceeds the Fair Value of Plan Assets Years ended June 30 2016 2015 2016 2015 Projected benefit obligation $ 15,233 $ 13,411 $ 15,853 $ 14,057 Accumulated benefit obligation 13,587 11,918 14,149 12,419 Fair value of plan assets 8,082 7,931 8,657 8,435
Schedule of Net Benefit Costs [Table Text Block]	Net Periodic Benefit Cost . Components of the net periodic benefit cost were as follows: Pension Benefits Other Retiree Benefits Years ended June 30 2016 2015 2014 2016 2015 2014 AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST Service cost $ 314 $ 317 $ 298 $ 124 $ 156 $ 149 Interest cost 466 545 590 219 240 256 Expected return on plan assets (731 ) (732 ) (701 ) (416 ) (406 ) (385 ) Prior service cost/(credit) amortization 29 30 26 (52 ) (20 ) (20 ) Net actuarial loss amortization 265 275 214 78 105 118 Special termination benefits 6 11 5 12 23 9 GROSS BENEFIT COST/(CREDIT) 349 446 432 (35 ) 98 127 Dividends on ESOP preferred stock — — — (52 ) (58 ) (64 ) NET PERIODIC BENEFIT COST/(CREDIT) $ 349 $ 446 $ 432 $ (87 ) $ 40 $ 63 CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI Net actuarial loss/(gain) - current year $ 2,028 $ 240 $ 597 $ (3 ) Prior service cost/(credit) - current year 8 17 (40 ) (325 ) Amortization of net actuarial loss (265 ) (275 ) (78 ) (105 ) Amortization of prior service (cost)/credit (29 ) (30 ) 52 20 Currency translation and other (172 ) (677 ) (3 ) (34 ) TOTAL CHANGE IN AOCI 1,570 (725 ) 528 (447 ) NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST AND AOCI $ 1,919 $ (279 ) $ 441 $ (407 ) Net periodic benefit costs include amounts related to discontinued operations, which are not material for any period.
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]	Amounts expected to be amortized from AOCI into net periodic benefit cost during the year ending June 30, 2017 , are as follows: Pension Benefits Other Retiree Benefits Net actuarial loss $ 400 $ 126 Prior service cost/(credit) 28 (45 )
Schedule of Assumptions Used [Table Text Block]	The weighted average assumptions used to determine benefit obligations recorded on the Consolidated Balance Sheets as of June 30, were as follows: (1) Pension Benefits Other Retiree Benefits 2016 2015 2016 2015 Discount rate 2.1 % 3.1 % 3.6 % 4.5 % Rate of compensation increase 2.9 % 3.1 % N/A N/A Health care cost trend rates assumed for next year N/A N/A 7.2 % 6.8 % Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate) N/A N/A 4.9 % 5.0 % Year that the rate reaches the ultimate trend rate N/A N/A 2021 2021 (1) Determined as of end of year. The weighted average assumptions used to determine net benefit cost recorded on the Consolidated Statement of Earnings for the years ended June 30, were as follows: (1) Pension Benefits Other Retiree Benefits Years ended June 30 2016 2015 2014 2016 2015 2014 Discount rate 3.1 % 3.5 % 4.0 % 4.5 % 4.4 % 4.8 % Expected return on plan assets 7.2 % 7.2 % 7.2 % 8.3 % 8.3 % 8.3 % Rate of compensation increase 3.1 % 3.2 % 3.2 % N/A N/A N/A (1) Determined as of beginning of year and adjusted for acquisitions.
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]	A one percentage point change in assumed health care cost trend rates would have the following effects: One-Percentage Point Increase One-Percentage Point Decrease Effect on the total service and interest cost components $ 80 $ (59 ) Effect on the accumulated postretirement benefit obligation 1,057 (809 )
Schedule of Allocation of Plan Assets [Table Text Block]	Our target asset allocation for the year ended June 30, 2016 , and actual asset allocation by asset category as of June 30, 2016 and 2015 , were as follows: Target Asset Allocation Actual Asset Allocation at June 30 Pension Benefits Other Retiree Benefits Pension Benefits Other Retiree Benefits Asset Category 2016 2015 2016 2015 Cash 2 % 2 % 2 % 2 % 2 % 1 % Debt securities 55 % 3 % 55 % 50 % 4 % 5 % Equity securities 43 % 95 % 43 % 48 % 94 % 94 % TOTAL 100 % 100 % 100 % 100 % 100 % 100 %
Pension and Postretirement Plan Assets By Fair Value Hierarchy [Table Text Block]	Pension Benefits Other Retiree Benefits Years ended June 30 Fair Value Hierarchy Level 2016 2015 Fair Value Hierarchy Level 2016 2015 ASSETS AT FAIR VALUE Cash and cash equivalents 1 & 2 $ 262 $ 266 1 $ 70 $ 36 Company stock (1) — — 2 3,545 3,239 Collective fund - equity 2 4,381 5,054 2 14 17 Collective fund - fixed income 2 5,498 5,162 2 158 178 Other (2) 1 & 3 128 123 — — TOTAL ASSETS AT FAIR VALUE $ 10,269 $ 10,605 $ 3,787 $ 3,470 (1) Company stock is net of ESOP debt discussed below. (2) The Company's other pension and other retiree benefit plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension and other retiree benefit plan asset balances classified as Level 1 within the fair value hierarchy.
Schedule of Expected Benefit Payments [Table Text Block]	Total benefit payments expected to be paid to participants, which include payments funded from the Company's assets and payments from the plans are as follows: Years ending June 30 Pension Benefits Other Retiree Benefits EXPECTED BENEFIT PAYMENTS 2017 $ 516 $ 190 2018 527 207 2019 537 221 2020 550 233 2021 588 244 2022 - 2026 3,232 1,365
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	The number of preferred shares outstanding at June 30 was as follows: Shares in thousands 2016 2015 2014 Allocated 39,241 42,044 44,465 Unallocated 6,095 7,228 8,474 TOTAL SERIES A 45,336 49,272 52,939 Allocated 23,925 23,074 22,085 Unallocated 32,319 34,096 35,753 TOTAL SERIES B 56,244 57,170 57,838

RISK MANAGEMENT ACTIVITIES AN33

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Jun. 30, 2016
Disclosure Text Block [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following table sets forth the Company's financial assets as of June 30, 2016 and 2015 that were measured at fair value on a recurring basis during the period: Fair Value Asset Years ended June 30 2016 2015 Investments: U.S. government securities $ 4,839 $ 3,495 Corporate bond securities 1,407 1,272 Other investments 28 30 TOTAL $ 6,274 $ 4,797
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The notional amounts and fair values of qualifying and non-qualifying financial instruments used in hedging transactions as of June 30, 2016 and 2015 are as follows: Years ended June 30 Notional Amount Fair Value Asset Fair Value (Liability) 2016 2015 2016 2015 2016 2015 DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Foreign currency contracts $ 798 $ 951 $ 94 $ 312 $ (63 ) $ — DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 4,993 $ 7,208 $ 371 $ 172 $ — $ (13 ) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Net investment hedges $ 3,013 $ 537 $ 28 $ 96 $ (115 ) $ (1 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 6,482 $ 6,610 $ 28 $ 13 $ (38 ) $ (68 )
Schedule of Derivative Instruments [Table Text Block]	Amount of Gain/(Loss) Recognized in AOCI on Derivatives (Effective Portion) Years ended June 30 2016 2015 DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest rate contracts $ (2 ) $ (1 ) Foreign currency contracts — 5 TOTAL $ (2 ) $ 4 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Net investment hedges $ (53 ) $ 60 The amounts of gains and losses included in earnings from qualifying and non-qualifying financial instruments used in hedging transactions for the years ended June 30, 2016 and 2015 were as follows: Amount of Gain/(Loss) Reclassified from AOCI into Earnings Years ended June 30 2016 2015 DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS Interest rate contracts $ 3 $ 6 Foreign currency contracts (106 ) 152 TOTAL $ (103 ) $ 158 Amount of Gain/(Loss) Recognized in Earnings Years ended June 30 2016 2015 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 212 $ (9 ) Debt (212 ) 9 TOTAL $ — $ — DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Net investment hedges $ (2 ) $ (1 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts (1) $ (120 ) $ (987 ) (1) The gain or loss on non-qualifying foreign currency contracts substantially offsets the foreign currency mark-to-market impact of the related exposure.

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	12 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	Years ended June 30 2016 2015 DEBT DUE WITHIN ONE YEAR Current portion of long-term debt $ 2,760 $ 2,772 Commercial paper 8,690 8,807 Other 203 439 TOTAL $ 11,653 $ 12,018 Short-term weighted average interest rates (1) 0.2 % 0.3 % (1) Short-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.
Long-term Debt [Text Block]	Years ended June 30 2016 2015 LONG-TERM DEBT 1.45% USD note due August 2016 $ 1,000 $ 1,000 0.75% USD note due November 2016 500 500 Floating rate USD note due November 2016 500 500 5.13% EUR note due October 2017 1,221 1,231 1.60% USD note due November 2018 1,000 1,000 4.70% USD note due February 2019 1,250 1,250 1.90% USD note due November 2019 550 550 0.28% JPY note due May 2020 973 818 4.13% EUR note due December 2020 666 671 9.36% ESOP debentures due 2016-2021 (1) 498 572 1.85% USD note due February 2021 600 — 2.00% EUR note due November 2021 833 839 2.30% USD note due February 2022 1,000 1,000 2.00% EUR note due August 2022 1,110 1,119 3.10% USD note due August 2023 1,000 1,000 1.13% EUR note due November 2023 1,388 — 2.70% USD note due February 2026 600 — 4.88% EUR note due May 2027 1,110 1,119 6.25% GBP note due January 2030 670 786 5.50% USD note due February 2034 500 500 5.80% USD note due August 2034 600 600 5.55% USD note due March 2037 1,400 1,400 Capital lease obligations 45 52 All other long-term debt 2,691 4,592 Current portion of long-term debt (2,760 ) (2,772 ) TOTAL $18,945 $18,327 Long-term weighted average interest rates (2) 3.1 % 3.2 % (1) Debt issued by the ESOP is guaranteed by the Company and is recorded as debt of the Company, as discussed in Note 8. (2) Long-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.
Maturities of Long-term Debt [Table Text Block]	Long-term debt maturities during the next five fiscal years are as follows: Years ending June 30 2017 2018 2019 2020 2021 Debt maturities $2,760 $1,323 $2,357 $2,099 $1,387

ACCUMULATED OTHER COMPREHENSI35

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The table below presents the changes in Accumulated other comprehensive income/(loss) (AOCI), including the reclassifications out of Accumulated other comprehensive income/(loss) by component: Changes in Accumulated Other Comprehensive Income/(Loss) by Component Hedges Investment Securities Pension and Other Retiree Benefits Financial Statement Translation Total BALANCE at JUNE 30, 2014 $ (3,876 ) $ (18 ) $ (5,165 ) $ 1,397 $ (7,662 ) OCI before reclassifications (1) 1,390 26 563 (7,475 ) (5,496 ) Amounts reclassified from AOCI (2) (5) (6) (156 ) (2 ) 281 255 378 Net current period OCI 1,234 24 844 (7,220 ) (5,118 ) BALANCE at JUNE 30, 2015 (2,642 ) 6 (4,321 ) (5,823 ) (12,780 ) OCI before reclassifications (3) (103 ) 29 (1,710 ) (1,679 ) (3,463 ) Amounts reclassified from AOCI (4) (5) 104 (1 ) 233 — 336 Net current period OCI 1 28 (1,477 ) (1,679 ) (3,127 ) BALANCE at JUNE 30, 2016 $ (2,641 ) $ 34 $ (5,798 ) $ (7,502 ) $ (15,907 ) (1) Net of tax (benefit) / expense of $741 , $1 and $219 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2015 . (2) Net of tax (benefit) / expense of $(2) , $(1) , and $109 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2015 . (3) Net of tax (benefit) / expense of $6 , $7 , and $(708) for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2016 . (4) Net of tax (benefit) / expense of $(1) , $0 , and $87 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2016 . (5) See Note 9 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. Gains and losses on investment securities are reclassified from AOCI into Other non-operating income, net. Gains and losses on pension and other retiree benefits are reclassified from AOCI into Cost of products sold and SG&A, and are included in the computation of net periodic pension cost (see Note 8 for additional details). (6) Amounts reclassified from AOCI for financial statement translation relate to the foreign currency losses written off as part of the deconsolidation of our Venezuelan subsidiaries in fiscal 2015. These losses were reclassified into the Venezuela deconsolidation charge in the Consolidated Statements of Earnings.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]	Commitments made under take-or-pay obligations are as follows: Years ending June 30 2017 2018 2019 2020 2021 Thereafter Purchase obligations $ 881 $ 221 $ 170 $ 129 $ 105 $ 288
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum rental commitments under non-cancelable operating leases, net of guaranteed sublease income, are as follows: Years ending June 30 2017 2018 2019 2020 2021 Thereafter Operating leases $ 237 $ 240 $ 224 $ 206 $ 154 $ 502

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The following table summarizes Net earnings/(loss) from discontinued operations and reconciles to the Consolidated Statements of Earnings: Years ended June 30 2016 2015 2014 Beauty Brands $ 336 $ 643 $ 660 Batteries 241 (1,835 ) 389 Pet Care — 49 78 Net earnings/(loss) from discontinued operations $ 577 $ (1,143 ) $ 1,127 The following table summarizes total assets and liabilities held for sale and reconciles to the Consolidated Balance Sheets: Years ended June 30 2016 2015 Beauty Brands Beauty Brands Batteries Total Current assets held for sale $ 7,185 $ 922 $ 3,510 $ 4,432 Noncurrent assets held for sale — 5,204 — 5,204 Total assets held for sale $ 7,185 $ 6,126 $ 3,510 $ 9,636 Current liabilities held for sale $ 2,343 $ 356 $ 1,187 $ 1,543 Noncurrent liabilities held for sale — 717 — 717 Total liabilities held for sale $ 2,343 $ 1,073 $ 1,187 $ 2,260
Discontinued Operations and Disposal Groups - Beauty Brands [Table Text Block]	The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Beauty Brands: Beauty Brands Years ended June 30 2016 2015 2014 Net sales $ 4,910 $ 5,530 $ 6,109 Cost of products sold 1,621 1,820 1,980 Selling, general and administrative expense 2,763 2,969 3,299 Intangible asset impairment charges 48 — — Interest expense 32 — 1 Interest income 2 2 2 Other non-operating income/(loss), net 9 91 (3 ) Earnings from discontinued operations before income taxes $ 457 $ 834 $ 828 Income taxes on discontinued operations 121 191 168 Net earnings/(loss) from discontinued operations $ 336 $ 643 $ 660 Included in Net earnings/(loss) from discontinued operations is $112 of transition costs that were incurred for the fiscal year ended June 30, 2016 . The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands: Beauty Brands Years ended June 30 2016 2015 2014 NON-CASH OPERATING ITEMS Depreciation and amortization $ 106 $ 125 $ 127 Gain on sale of businesses 8 86 — Goodwill and intangible asset impairment charges 48 — — CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures $ 114 $ 106 $ 108 The major components of assets and liabilities of the Beauty Brands held for sale are provided below. The assets and liabilities held for sale will evolve up to the closing date for normal operational changes as well as contractual adjustments including the assumption of debt, pension plan funding and other provisions. Beauty Brands Years ended June 30 2016 (1) 2015 Cash $ 40 $ 9 Restricted cash 996 (2) — Accounts receivable 384 293 Inventories 494 476 Prepaid expenses and other current assets 126 144 Property, plant and equipment, net 629 613 (3) Goodwill and intangible assets, net 4,411 4,513 (3) Other noncurrent assets 105 78 (3) Total current assets held for sale $ 7,185 $ 922 Total noncurrent assets held for sale — 5,204 Total assets held for sale $ 7,185 $ 6,126 Accounts payable $ 148 $ 118 Accrued and other liabilities 384 238 Noncurrent deferred tax liabilities 370 352 (3) Long-term debt 996 (2) — Other noncurrent liabilities 445 365 (3) Total current liabilities held for sale $ 2,343 $ 356 Total noncurrent liabilities held for sale — 717 Total liabilities held for sale $ 2,343 $ 1,073 (1) The Company expects the Beauty Brands transaction to close in October 2016. Therefore, for the period ended June 30, 2016 , all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets. (2) On January 26, 2016, Beauty Brands drew on its Term B loan of $1.0 billion . The proceeds will be held in restricted cash in escrow until the anticipated legal integration activities prior to close. Beauty Brands has received additional debt funding commitments with a consortium of lenders of $3.5 billion . (3) Amounts as of June 30, 2015 , are reflected as part of the noncurrent assets and liabilities held for sale.
Disposal Groups, Including Discontinued Operations - Batteries and Pet Care [Table Text Block]	Following is selected financial information included in Net earnings/(loss) from discontinued operations for the Batteries and Pet Care businesses: Net Sales Earnings Before Impairment Charges and Income Taxes Impairment Charges Income Tax (Expense)/Benefit Gain/(Loss) on Sale Before Income Taxes Income Tax (Expense)/Benefit on Sale Net Earnings/(Loss) from Discontinued Operations Batteries 2016 $ 1,517 $ 266 $ (402 ) $ (45 ) $ (288 ) $ 710 (1) $ 241 2015 2,226 479 (2,174 ) (140 ) — — (1,835 ) 2014 2,552 548 — (159 ) — — 389 Pet Care 2016 — — — — — — — 2015 251 — — (4 ) 195 (142 ) 49 2014 1,475 130 — (52 ) — — 78 Total 2016 $ 1,517 $ 266 $ (402 ) $ (45 ) $ (288 ) $ 710 (1) $ 241 2015 2,477 479 (2,174 ) (144 ) 195 (142 ) (1,786 ) 2014 4,027 678 — (211 ) — — 467 (1) The income tax benefit of the Batteries divestiture primarily represents the reversal of underlying deferred tax balances. The major components of assets and liabilities of the Batteries business held for sale were as follows: Batteries Year ended June 30 2015 Cash $ 25 Accounts receivable 245 Inventories 304 Prepaid expenses and other current assets 28 Property, plant and equipment, net 496 Goodwill and intangible assets, net 2,389 Other noncurrent assets 23 Total assets held for sale $ 3,510 Accounts payable $ 195 Accrued and other liabilities 194 Long-term debt 18 Noncurrent deferred tax liabilities 780 Total liabilities held for sale $ 1,187

QUARTERLY RESULTS (UNAUDITED) (

QUARTERLY RESULTS (UNAUDITED) (Tables)	12 Months Ended
	Jun. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	Quarters Ended Sep 30 Dec 31 Mar 31 Jun 30 Total Year NET SALES 2015-2016 $ 16,527 $ 16,915 $ 15,755 $ 16,102 $ 65,299 2014-2015 18,771 18,495 16,930 16,553 70,749 OPERATING INCOME 2015-2016 3,768 3,853 3,318 2,502 13,441 2014-2015 3,633 3,579 3,025 812 (1) 11,049 GROSS MARGIN 2015-2016 50.7 % 50.0 % 49.8 % 47.9 % 49.6 % 2014-2015 48.1 % 48.3 % 47.3 % 46.6 % 47.6 % NET EARNINGS: Net earnings from continuing operations 2015-2016 $ 2,777 $ 2,905 $ 2,337 $ 2,008 $ 10,027 2014-2015 2,716 2,674 2,401 496 (1) 8,287 Net earnings/(loss) from discontinued operations 2015-2016 (142 ) 323 446 (50 ) 577 2014-2015 (696 ) (276 ) (213 ) 42 (1,143 ) Net earnings attributable to Procter & Gamble 2015-2016 2,601 3,206 2,750 1,951 10,508 2014-2015 1,990 2,372 2,153 521 7,036 DILUTED NET EARNINGS PER COMMON SHARE: (2) Earnings from continuing operations 2015-2016 $ 0.96 $ 1.01 $ 0.81 $ 0.71 $ 3.49 2014-2015 0.93 0.92 0.82 0.17 2.84 Earnings/(loss) from discontinued operations 2015-2016 (0.05 ) 0.11 0.16 (0.02 ) 0.20 2014-2015 (0.24 ) (0.10 ) (0.07 ) 0.01 (0.40 ) Net earnings 2015-2016 0.91 1.12 0.97 0.69 3.69 2014-2015 0.69 0.82 0.75 0.18 2.44 (1) The Company recorded a one-time Venezuela deconsolidation charge of $2.0 billion before tax ( $2.1 billion after tax) in the quarter-ended June 30, 2015 . This impact is discussed more fully in Note 1. (2) Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.

SUMMARY OF SIGNIFICANT ACCOUN39

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ADDITIONAL INFORMATION (Details) $ in Billions	12 Months Ended
	Jun. 30, 2016USD ($)countries	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Number of Countries in which Entity Operates | countries	180
Number of Countries With On The Ground Operations | countries	70
Research and Development Expense | $	$ 1.9	$ 2	$ 1.9
Advertising Expense | $	$ 7.2	$ 7.2	$ 7.9
Customer Relationships | Minimum
Finite-Lived Intangible Asset, Useful Life	5 years
Customer Relationships | Maximum
Finite-Lived Intangible Asset, Useful Life	30 years
Furniture and Fixtures
Property, Plant and Equipment, Useful Life	15 years
Computer Equipment | Minimum
Property, Plant and Equipment, Useful Life	3 years
Computer Equipment | Maximum
Property, Plant and Equipment, Useful Life	5 years
Machinery and Equipment | Minimum
Property, Plant and Equipment, Useful Life	3 years
Machinery and Equipment | Maximum
Property, Plant and Equipment, Useful Life	20 years
Buildings
Property, Plant and Equipment, Useful Life	40 years

SEGMENT INFORMATION - ADDITIONA

SEGMENT INFORMATION - ADDITIONAL INFORMATION (Details) $ in Millions	3 Months Ended								12 Months Ended
	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2016USD ($)segment	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jul. 09, 2015
Number of Reportable Segments | segment									5
Number of Reporting Units Accounting for 5% or More of Consolidated Net Sales									9
Net Sales	$ 16,102	$ 15,755	$ 16,915	$ 16,527	$ 16,553	$ 16,930	$ 18,495	$ 18,771	$ 65,299	$ 70,749	$ 74,401
Property, Plant and Equipment, Net	19,385				19,655				$ 19,385	$ 19,655
Wal-Mart Stores Inc and Affiliates
Percentage Of Total Revenues By Customer									15.00%	15.00%	15.00%
UNITED STATES
Net Sales									$ 27,000	$ 26,800	$ 26,700
Property, Plant and Equipment, Net	$ 8,500				$ 8,300				$ 8,500	$ 8,300
Beauty Brands
Disposal Groups - Number of Product Categories												4
Disposal Groups - Number of Brands												43

SEGMENT INFORMATION - ADDITIO41

SEGMENT INFORMATION - ADDITIONAL INFORMATION OTHER (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Wal-Mart Stores Inc and Affiliates
Percentage Of Total Revenues By Customer	15.00%	15.00%	15.00%

SEGMENT INFORMATION - PERCENT O

SEGMENT INFORMATION - PERCENT OF SALES BY BUSINESS UNIT (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	1	1	1
Fabric Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.22	0.22	0.22
Baby Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.14	0.15	0.15
Hair Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.10	0.11	0.11
Home Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.10	0.09	0.09
Shave Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.09	0.09	0.10
Family Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.08	0.08	0.07
Oral Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.08	0.08	0.07
Skin and Personal Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.08	0.07	0.07
Feminine Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.06	0.06	0.06
All Other
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments	0.05	0.05	0.06

SEGMENT INFORMATION - GLOBAL SE

SEGMENT INFORMATION - GLOBAL SEGMENT RESULTS (Details) - USD ($) $ in Millions		3 Months Ended									12 Months Ended
		Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015		Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2016	Jun. 30, 2015		Jun. 30, 2014
Net Sales		$ 16,102	$ 15,755	$ 16,915	$ 16,527	$ 16,553		$ 16,930	$ 18,495	$ 18,771	$ 65,299	$ 70,749		$ 74,401
Income Loss From Continuing Operations Before Income Taxes											13,369	11,012		13,509
Net Earnings from Continuing Operations		2,008	$ 2,337	$ 2,905	$ 2,777	496	[1]	$ 2,401	$ 2,674	$ 2,716	10,027	8,287		10,658
Depreciation, Depletion and Amortization											3,078	3,134		3,141
Assets		127,136				129,495					127,136	129,495		144,266
Payments to Acquire Property, Plant, and Equipment											3,314	3,736		3,848
Beauty
Net Sales											11,477	12,608		13,401
Income Loss From Continuing Operations Before Income Taxes											2,636	2,895		3,020
Net Earnings from Continuing Operations											1,975	2,181		2,300
Depreciation, Depletion and Amortization											218	247		256
Assets		3,888				4,004	[2]				3,888	4,004	[2]	4,564	[2]
Payments to Acquire Property, Plant, and Equipment											435	411		376
Grooming
Net Sales											6,815	7,441		8,009
Income Loss From Continuing Operations Before Income Taxes											2,009	2,374		2,589
Net Earnings from Continuing Operations											1,548	1,787		1,954
Depreciation, Depletion and Amortization											451	540		576
Assets		22,819				23,090					22,819	23,090		23,767
Payments to Acquire Property, Plant, and Equipment											383	372		369
Health Care
Net Sales											7,350	7,713		7,798
Income Loss From Continuing Operations Before Income Taxes											1,812	1,700		1,597
Net Earnings from Continuing Operations											1,250	1,167		1,083
Depreciation, Depletion and Amortization											204	202		199
Assets		5,139				5,212					5,139	5,212		5,879
Payments to Acquire Property, Plant, and Equipment											240	218		253
Fabric & Home Care
Net Sales											20,730	22,274		23,506
Income Loss From Continuing Operations Before Income Taxes											4,249	4,059		4,264
Net Earnings from Continuing Operations											2,778	2,634		2,770
Depreciation, Depletion and Amortization											531	547		539
Assets		6,919				7,155					6,919	7,155		7,938
Payments to Acquire Property, Plant, and Equipment											672	986		1,057
Baby, Feminine & Family Care
Net Sales											18,505	20,247		20,950
Income Loss From Continuing Operations Before Income Taxes											4,042	4,317		4,310
Net Earnings from Continuing Operations											2,650	2,938		2,940
Depreciation, Depletion and Amortization											886	924		908
Assets		9,863				10,109					9,863	10,109		10,946
Payments to Acquire Property, Plant, and Equipment											1,261	1,337		1,317
Corporate
Net Sales	[3]										422	466		737
Income Loss From Continuing Operations Before Income Taxes	[3]										(1,379)	(4,333)		(2,271)
Net Earnings from Continuing Operations	[3]										(174)	(2,420)		(389)
Depreciation, Depletion and Amortization	[3]										788	674		663
Assets	[3]	$ 78,508				$ 79,925	[2]				78,508	79,925	[2]	91,172	[2]
Payments to Acquire Property, Plant, and Equipment	[3]										$ 323	$ 412		$ 476
[1]	The Company recorded a one-time Venezuela deconsolidation charge of $2.0 billion before tax ($2.1 billion after tax) in the quarter-ended June 30, 2015. This impact is discussed more fully in Note 1.
[2]	Prior year adjustments were made to total assets for the Beauty and Corporate reportable segments related to certain Beauty Brands trademarks included in the scope of the Beauty Brands transaction.
[3]	The Corporate reportable segment includes depreciation and amortization, total assets and capital expenditures of the Pet Care and Batteries businesses prior to their divestiture and of the Beauty Brands businesses.

SUPPLEMENTAL FINANCIAL INFORM44

SUPPLEMENTAL FINANCIAL INFORMATION - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	$ 39,866	$ 40,063
Accumulated Depreciation	20,481	20,408
Property, Plant and Equipment, Net	19,385	19,655
Buildings
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	6,885	6,949
Machinery and Equipment
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	29,506	29,420
Land
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	769	763
Construction in Progress
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	$ 2,706	$ 2,931

SUPPLEMENTAL FINANCIAL INFORM45

SUPPLEMENTAL FINANCIAL INFORMATION - ACCRUED AND OTHER LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
ACCRUED AND OTHER LIABILITIES - CURRENT
Marketing and Promotion	$ 2,820	$ 2,798
Compensation Expenses	1,457	1,390
Restructuring Reserves	315	389
Taxes Payable	397	845
Legal and Environmental	158	205
Other Liabilities	2,302	2,464
Accrued Liabilities, Current	7,449	8,091
OTHER NONCURRENT LIABILITIES
Pension Benefits	6,761	5,247
Other Postretirement Benefits	1,808	1,414
Uncertain Tax Positions	952	1,016
Liabilities, Noncurrent	804	755
Other Liabilities, Noncurrent	$ 10,325	$ 8,432

SUPPLEMENTAL FINANCIAL INFORM46

SUPPLEMENTAL FINANCIAL INFORMATION - ADDITIONAL INFORMATION (Details) $ in Millions	12 Months Ended		60 Months Ended	72 Months Ended
	Jun. 30, 2016USD ($)employees	Jun. 30, 2015USD ($)employees	Jun. 30, 2016USD ($)employees	Jun. 30, 2017USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			$ 4,900
Restructuring Charges	$ 977	$ 1,068
Severance Packages | employees	2,770	4,820	17,070
Severance Packages - Non Manufacturing Overhead | employees	920	2,340	9,540
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 202	$ 338
Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	718	614
Non-manufacturing Overhead Personnel
Restructuring Cost and Reserve [Line Items]
Number of Positions Eliminated | employees			14,200
Number of Positions Eliminated, Period Percent			24.00%
Separations
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	262	516	$ 2,300
Asset-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	432	289	1,400
Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	283	$ 263	1,200
Minimum
Restructuring Cost and Reserve [Line Items]
Historical Restructuring Costs Before Tax	250		250
Maximum
Restructuring Cost and Reserve [Line Items]
Historical Restructuring Costs Before Tax	$ 500		$ 500
Subsequent Event
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost				$ 5,500
Subsequent Event | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring And Related Cost, Expected Number Of Positions Eliminated, Percent				25.00%
Subsequent Event | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring And Related Cost, Expected Number Of Positions Eliminated, Percent				30.00%

SUPPLEMENTAL FINANCIAL INFORM47

SUPPLEMENTAL FINANCIAL INFORMATION - RESTRUCTURING ACTIVITY (Details) - USD ($) $ in Millions	12 Months Ended		60 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	$ 389	$ 381
Restructuring Charges	977	1,068
Payments for Restructuring	(619)	(771)
Charges Against Assets	(432)	(289)
Restructuring Reserve Ending Balance	315	389	$ 315
Separations
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	362	353
Restructuring Charges	262	516	2,300
Payments for Restructuring	(381)	(507)
Charges Against Assets	0	0
Restructuring Reserve Ending Balance	243	362	243
Asset-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	0	0
Restructuring Charges	432	289	1,400
Payments for Restructuring	0	0
Charges Against Assets	(432)	(289)
Restructuring Reserve Ending Balance	0	0	0
Other
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	27	28
Restructuring Charges	283	263	1,200
Payments for Restructuring	(238)	(264)
Charges Against Assets	0	0
Restructuring Reserve Ending Balance	$ 72	$ 27	$ 72

SUPPLEMENTAL FINANCIAL INFORM48

SUPPLEMENTAL FINANCIAL INFORMATION - OTHER COSTS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 977	$ 1,068
Beauty
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		72	63
Grooming
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		42	57
Health Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		26	32
Fabric & Home Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		250	197
Baby, Feminine & Family Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		225	192
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]	$ 362	$ 527
[1]	Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities and costs related to discontinued operations from our Batteries and Beauty Brands businesses.

GOODWILL AND INTANGIBLE ASSET49

GOODWILL AND INTANGIBLE ASSETS - GOODWILL BY GLOBAL BUSINESS UNIT (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015		Jun. 30, 2014
Goodwill [Line Items]
Goodwill - Gross	$ 45,508	$ 47,844		$ 51,887
Goodwill, Impaired, Accumulated Impairment Loss	(1,158)	(3,222)		(1,158)
Goodwill Acquisitions and Divestitures	(4)	(594)
Goodwill, Impairment Loss		(2,064)
Goodwill, Translation and Purchase Accounting Adjustments	(268)	(3,449)
Goodwill	44,350	44,622		50,729
Beauty
Goodwill [Line Items]
Goodwill - Gross	12,645	12,704		14,065
Goodwill, Impaired, Accumulated Impairment Loss	0	0		0
Goodwill Acquisitions and Divestitures	(2)	(136)
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments	(57)	(1,225)
Goodwill	12,645	12,704		14,065
Grooming
Goodwill [Line Items]
Goodwill - Gross	20,635	20,777		22,097
Goodwill, Impaired, Accumulated Impairment Loss	(1,158)	(1,158)		(1,158)
Goodwill Acquisitions and Divestitures	0	0
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments	(142)	(1,320)
Goodwill	19,477	19,619		20,939
Health Care
Goodwill [Line Items]
Goodwill - Gross	5,840	5,876		6,280
Goodwill, Impaired, Accumulated Impairment Loss	0	0		0
Goodwill Acquisitions and Divestitures	(2)	(6)
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments	(34)	(398)
Goodwill	5,840	5,876		6,280
Fabric & Home Care
Goodwill [Line Items]
Goodwill - Gross	1,856	1,874		1,981
Goodwill, Impaired, Accumulated Impairment Loss	0	0		0
Goodwill Acquisitions and Divestitures	0	(3)
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments	(18)	(104)
Goodwill	1,856	1,874		1,981
Baby, Feminine & Family Care
Goodwill [Line Items]
Goodwill - Gross	4,532	4,549		4,910
Goodwill, Impaired, Accumulated Impairment Loss	0	0		0
Goodwill Acquisitions and Divestitures	0	0
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments	(17)	(361)
Goodwill	4,532	4,549		4,910
Corporate
Goodwill [Line Items]
Goodwill - Gross	0	2,064	[1]	2,554
Goodwill, Impaired, Accumulated Impairment Loss	0	(2,064)	[1]	0
Goodwill Acquisitions and Divestitures	0	(449)
Goodwill, Impairment Loss		(2,064)
Goodwill, Translation and Purchase Accounting Adjustments	0	(41)
Goodwill	$ 0	$ 0		$ 2,554
[1]	Balances in Corporate segment reflect the gross value of the Batteries goodwill and the corresponding impairment charges recorded against the business to reflect the value of BH's shares in P&G stock as of June 30, 2015. The Batteries business was divested in February 2016.

GOODWILL AND INTANGIBLE ASSET50

GOODWILL AND INTANGIBLE ASSETS - ADDITIONAL INFORMATION (Details) shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Feb. 29, 2016shares	Jul. 09, 2015
Goodwill [Line Items]
Goodwill, Impairment Loss		$ (2,064)
Beauty Brands
Goodwill [Line Items]
Disposal Groups - Number of Product Categories					4
Disposal Groups - Number of Brands					43
Goodwill and Intangible Asset Impairment	$ 48	0	$ 0
Intangible Asset Impairment Charges After Tax	42
Corporate Joint Venture | Batteries
Goodwill [Line Items]
Goodwill, Impairment Loss		(863)
Goodwill and Intangible Asset Impairment		110
Intangible Asset Impairment Charges After Tax		69
Berkshire Hathaway | Batteries
Goodwill [Line Items]
Goodwill, Impairment Loss		$ (1,200)
Goodwill and Intangible Asset Impairment	402
Intangible Asset Impairment Charges After Tax	$ 350
Disposal Groups - Consideration Received (Shares) | shares				52.5

GOODWILL AND INTANGIBLE ASSET51

GOODWILL AND INTANGIBLE ASSETS - INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Goodwill [Line Items]
Gross Carrying Amount	$ 7,661	$ 7,305
Accumulated Amortization	(4,840)	(4,336)
Intangible Assets with Indefinite Lives, Gross	29,367	29,346
Brands
Goodwill [Line Items]
Intangible Assets with Indefinite Lives	21,706	22,041
Brands
Goodwill [Line Items]
Gross Carrying Amount	3,409	3,039
Accumulated Amortization	(2,032)	(1,721)
Patents and technology
Goodwill [Line Items]
Gross Carrying Amount	2,624	2,619
Accumulated Amortization	(2,164)	(2,028)
Customer relationships
Goodwill [Line Items]
Gross Carrying Amount	1,382	1,395
Accumulated Amortization	(514)	(464)
Other
Goodwill [Line Items]
Gross Carrying Amount	246	252
Accumulated Amortization	$ (130)	$ (123)

GOODWILL AND INTANGIBLE ASSET52

GOODWILL AND INTANGIBLE ASSETS - AMORTIZATION OF INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Asset Amortization	$ 388	$ 457	$ 514

GOODWILL AND INTANGIBLE ASSET53

GOODWILL AND INTANGIBLE ASSETS - ESTIMATED AMORTIZATION EXPENSE (Details) $ in Millions	Jun. 30, 2016USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 326
Finite-Lived Intangible Assets, Amortization Expense, Year Two	298
Finite-Lived Intangible Assets, Amortization Expense, Year Three	281
Finite-Lived Intangible Assets, Amortization Expense, Year Four	255
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 206

INCOME TAXES - EARNINGS FROM CO

INCOME TAXES - EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]
Income (Loss) from Continuing Operations before Income Taxes, Domestic	$ 8,788	$ 8,496	$ 8,513
Income (Loss) from Continuing Operations before Income Taxes, Foreign	4,581	2,516	4,996
Income Loss From Continuing Operations Before Income Taxes Adjusted for Net Earnings Attributable to Noncontrolling Interests	$ 13,369	$ 11,012	$ 13,509

INCOME TAXES - PROVISION FOR IN

INCOME TAXES - PROVISION FOR INCOME TAXES ON CONTINUING OPERATIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
CURRENT TAX EXPENSE
Current Federal Tax Expense (Benefit)	$ 1,673	$ 2,127	$ 1,399
Current Foreign Tax Expense (Benefit)	1,483	1,142	1,252
Current State and Local Tax Expense (Benefit)	224	252	237
Current Income Tax Expense (Benefit)	3,380	3,521	2,888
DEFERRED TAX EXPENSE
Deferred Federal Income Tax Expense (Benefit)	33	(607)	145
Deferred Foreign Income Tax Expense (Benefit)	(71)	(189)	(182)
Deferred Income Tax Expense (Benefit) Continuing Operations	(38)	(796)	(37)
Income Tax Expense	$ 3,342	$ 2,725	$ 2,851

INCOME TAXES - INCOME TAX RATE

INCOME TAXES - INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%	35.00%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	(9.10%)	(14.00%)	(10.80%)
Effective Income Tax Rate Reconciliation, Tax Contingency, Other, Percent	(0.50%)	(0.90%)	(1.70%)
Deferred Tax Liabilities, Venezuela Deconsolidation Charge	0.00%	6.60%	0.00%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	(0.40%)	(2.00%)	(1.40%)
Effective Income Tax Rate Reconciliation, Percent	25.00%	24.70%	21.10%

INCOME TAXES - ADDITIONAL INFOR

INCOME TAXES - ADDITIONAL INFORMATION (Details) $ in Millions	12 Months Ended			93 Months Ended
	Jun. 30, 2016USD ($)countriesaudit	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Mar. 30, 2016
Income Tax Effects Allocated Directly to Equity	$ 899	$ 634
Deferred Tax Liabilities, Undistributed Foreign Earnings	49,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 589
Number of Income Tax Jurisdiction | countries	140
Open Tax Year				2,008
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 250
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	323	347	$ 411
Unrecognized Tax Benefits, Income Tax Penalties Accrued	20	19	32
Unrecognized Tax Benefits, Interest on Income Taxes Expense	2	15	(6)
Unrecognized Tax Benefits, Income Tax Penalties Expense	(2)	13	$ 2
Operating Loss Carryforwards	$ 3,200	$ 3,100
Minimum
Number of Jurisdictional Audits | audit	50
Maximum
Number of Jurisdictional Audits | audit	60
Net Operating Loss, Expiring Within 20 Years | Minimum
Operating Loss Carryforwards	$ 1,000
Net Operating Loss, Indefinite Life
Operating Loss Carryforwards	$ 2,200

INCOME TAXES - ADDITIONAL INF58

INCOME TAXES - ADDITIONAL INFORMATION OTHER (Details) - USD ($) $ in Billions	Jun. 30, 2035	Jun. 30, 2016	Jun. 30, 2015
Operating Loss Carryforwards		$ 3.2	$ 3.1
Subsequent Event | Net Operating Loss, Expiring Within 20 Years | Maximum
Operating Loss Carryforwards	$ 1

INCOME TAXES - UNRECOGNIZED TAX

INCOME TAXES - UNRECOGNIZED TAX BENEFITS RECONCILIATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
BEGINNING OF YEAR	$ 1,096	$ 1,437	$ 1,600
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	124	87	146
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(97)	(146)	(296)
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	97	118	142
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(301)	(250)	(135)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	39	27	33
Unrecognized Tax Benefits, Increases (Decreases) Resulting From Currency Translation	(23)	(123)	13
END OF YEAR	$ 857	$ 1,096	$ 1,437

INCOME TAXES - DEFERRED INCOME

INCOME TAXES - DEFERRED INCOME TAX ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
DEFERRED TAX ASSETS
Deferred Tax Assets Pension And Postretirement Benefits	$ 2,226	$ 1,739
Deferred Tax Assets, Other Tax Carryforwards	1,077	1,014
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	845	949
Deferred Tax Assets, Advance Payment	515	281
Deferred Tax Assets Accrued Marketing And Promotion Expense	240	266
Deferred Tax Assets, Unrealized Losses on Trading Securities	122	183
Deferred Tax Assets, Property, Plant and Equipment	216	139
Deferred Tax Assets, Inventory	61	49
Deferred Tax Assets Accrued Interest And Taxes	55	48
Deferred Tax Assets, Other	764	839
Deferred Tax Assets, Valuation Allowance	(467)	(324)
Deferred Tax Assets, Net of Valuation Allowance	5,654	5,183
DEFERRED TAX LIABILITIES
Deferred Tax Liabilities, Goodwill and Intangible Assets	9,461	9,530
Deferred Tax Liabilities, Property, Plant and Equipment	1,533	1,590
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	387	353
Deferred Tax Liabilities, Other	105	149
Deferred Tax Liabilities, Net	$ 11,486	$ 11,622

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended																12 Months Ended
		Jun. 30, 2016	[5]	Mar. 31, 2016	[5]	Dec. 31, 2015	[5]	Sep. 30, 2015	[5]	Jun. 30, 2015	[5]	Mar. 31, 2015	[5]	Dec. 31, 2014	[5]	Sep. 30, 2014	[5]	Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2014
Net Earnings																		$ 10,604		$ 7,144		$ 11,785
Net Earnings Attributable to Noncontrolling Interest																		(96)		(108)		(142)
Net Income (Loss) Attributable to Parent, Diluted																		10,508		7,036		11,643
Dividends, Preferred Stock																		255		259		253
Net Income (Loss) Available to Common Stockholders, Basic																		$ 10,253		$ 6,777		$ 11,390
Weighted Average Number of Shares Outstanding, Basic																		2,698.9		2,711.7		2,719.8
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	[1]																	103.9		108.6		112.3
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[2]																	41.6		63.3		72.6
Weighted Average Number of Shares Outstanding, Diluted																		2,844.4		2,883.6		2,904.7
Earnings Per Share, Basic	[3],[4]																	$ 3.80		$ 2.50		$ 4.19
Earnings Per Share, Diluted		$ 0.69		$ 0.97		$ 1.12		$ 0.91		$ 0.18		$ 0.75		$ 0.82		$ 0.69		$ 3.69	[3],[4],[5]	$ 2.44	[3],[4],[5]	$ 4.01	[3],[4]
Continuing Operations
Net Earnings																		$ 10,027		$ 8,287		$ 10,658
Net Earnings Attributable to Noncontrolling Interest																		(96)		(98)		(120)
Net Income (Loss) Attributable to Parent, Diluted																		9,931		8,189		10,538
Dividends, Preferred Stock																		255		259		253
Net Income (Loss) Available to Common Stockholders, Basic																		$ 9,676		$ 7,930		$ 10,285
Weighted Average Number of Shares Outstanding, Basic																		2,698.9		2,711.7		2,719.8
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	[1]																	103.9		108.6		112.3
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[2]																	41.6		63.3		72.6
Weighted Average Number of Shares Outstanding, Diluted																		2,844.4		2,883.6		2,904.7
Earnings Per Share, Basic	[4]																	$ 3.59		$ 2.92		$ 3.78
Earnings Per Share, Diluted	[4]																	$ 3.49		$ 2.84		$ 3.63
Discontinued Operations
Net Earnings																		$ 577		$ (1,143)		$ 1,127
Net Earnings Attributable to Noncontrolling Interest																		0		(10)		(22)
Net Income (Loss) Attributable to Parent, Diluted																		577		(1,153)		1,105
Dividends, Preferred Stock																		0		0		0
Net Income (Loss) Available to Common Stockholders, Basic																		$ 577		$ (1,153)		$ 1,105
Weighted Average Number of Shares Outstanding, Basic																		2,698.9		2,711.7		2,719.8
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	[1]																	103.9		108.6		112.3
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[2]																	41.6		63.3		72.6
Weighted Average Number of Shares Outstanding, Diluted																		2,844.4		2,883.6		2,904.7
Earnings Per Share, Basic	[4]																	$ 0.21		$ (0.42)		$ 0.41
Earnings Per Share, Diluted	[4]																	$ 0.20		$ (0.40)		$ 0.38
[1]	Despite being included currently in Diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035.
[2]	Outstanding stock options of approximately 55 million in 2016, 8 million in 2015 and 9 million in 2014 were not included in the Diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares).
[3]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[4]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings/(loss) attributable to Procter & Gamble.
[5]	Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.

EARNINGS PER SHARE - ANTIDILUTI

EARNINGS PER SHARE - ANTIDILUTIVE SECURITIES (Details) - shares shares in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	55	8	9

STOCK-BASED COMPENSATION - ADDI

STOCK-BASED COMPENSATION - ADDITIONAL INFORMATION (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2016USD ($)years$ / sharesshares	Jun. 30, 2015USD ($)$ / shares	Jun. 30, 2014USD ($)$ / shares
Key Manager Stock Option Awards Granted Since September 2002, Life | years	10
Key Manager Stock Option Awards Granted From July 1998 Through August 2002, Life | years	15
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares	185
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares	125
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 8.48	$ 9.38	$ 10.01
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 1,388	$ 1,814	$ 1,152
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	200	241	319
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options	2,332	2,631	1,938
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options	433	519	338
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	97	$ 79	$ 95
Employee Stock Option
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 186
Employee Service Share Based Compensation Unrecognized Compensation Costs Nonvested Awards Weighted Average Period Of Recognition | years	1.9
Restricted Stock, RSUs and PSUs
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 202
Employee Service Share Based Compensation Unrecognized Compensation Costs Nonvested Awards Weighted Average Period Of Recognition | years	3

STOCK-BASED COMPENSATION - SHAR

STOCK-BASED COMPENSATION - SHARE-BASED COMPENSATION ACTIVITY (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Stock or Unit Option Plan Expense	$ 199	$ 223	$ 246
Other Stock-Based Compensation Expense	143	114	114
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 85	$ 109	$ 127

STOCK-BASED COMPENSATION - ASSU

STOCK-BASED COMPENSATION - ASSUMPTIONS UTIILIZED IN THE BINOMIAL LATTICE-BASED VALUATION MODEL (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	0.70%	0.10%	0.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	1.90%	2.10%	2.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.80%	2.00%	2.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	3.20%	3.10%	3.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Minimum	15.00%	11.00%	15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum	17.00%	15.00%	17.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	16.00%	15.00%	16.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	8 years 4 months	8 years 4 months	8 years 2 months

STOCK-BASED COMPENSATION - OPTI

STOCK-BASED COMPENSATION - OPTIONS OUTSTANDING (Details) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Options
Outstanding, Beginning of Year | shares	260,292
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	21,848
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares	(50,175)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | shares	(1,568)
Outstanding, End of Year | shares	230,397
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares	164,578
Weighted Average Exercise Price
Outstanding, Beginning of Year | $ / shares	$ 63.74
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares	79.01
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares	(49.40)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares	(73.70)
Outstanding, End of Year | $ / shares	68.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ / shares	$ 62.63
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 years 1 month
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 7 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 3,440
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $	$ 3,263

STOCK-BASED COMPENSATION - SCHE

STOCK-BASED COMPENSATION - SCHEDULE OF NON-VESTED RSUs AND PSUs (Details)	12 Months Ended
	Jun. 30, 2016$ / sharesshares
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	5,008
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	1,855
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(1,453)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(136)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	5,274
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 64.78
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	66.32
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	(61.64)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	(67.17)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 65.53
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	1,188
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	571
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(613)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	1,146
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 74.48
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	73.02
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	(71.68)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 75.25

POSTRETIREMENT BENEFITS AND E68

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - DEFINED CONTRIBUTION RETIREMENT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$ 292	$ 305	$ 311
UNITED STATES
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan Contribution Rate	14.00%	14.00%	15.00%

POSTRETIREMENT BENEFITS AND E69

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - DEFINED CONTRIBUTION RETIREMENT PLANS - ADDITIONAL INFORMATION (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
UNITED STATES
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan Contribution Rate	14.00%	14.00%	15.00%

POSTRETIREMENT BENEFITS AND E70

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ADDITIONAL INFORMATION (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 1991	Jun. 30, 1989
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation			$ 15,546	$ 14,239
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Minimum			8.00%
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Maximum			9.00%
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	[1]		7.20%	7.20%	7.20%
Pension Plan | Series A Preferred Stock
Defined Benefit Plan Disclosure [Line Items]
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Amount							$ 1,000
Employee Stock Ownership Plan (ESOP), Debt Structure, Employer Loan Guarantee			$ 74
Preferred Stock, Dividends, Per Share, Cash Paid			$ 2.66
Preferred Stock, Liquidation Preference Per Share			$ 6.82
Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	[1]		8.30%	8.30%	8.30%
Other Postretirement Benefit Plan | Series B Preferred Stock
Defined Benefit Plan Disclosure [Line Items]
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Amount						$ 1,000
Employee Stock Ownership Plan (ESOP), Debt Structure, Employer Loan Guarantee			$ 718
Preferred Stock, Dividends, Per Share, Cash Paid			$ 2.66
Preferred Stock, Liquidation Preference Per Share			$ 12.96
Treasury Stock
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets			8.50%
Bonds
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Minimum			5.00%
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Maximum			6.00%
Subsequent Event | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		$ 217
Subsequent Event | Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		37
Contribution to Unfunded Plans | Subsequent Event | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		93
Contribution to Unfunded Plans | Subsequent Event | Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		22
Contribution to Funded Plans | Subsequent Event | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		124
Contribution to Funded Plans | Subsequent Event | Other Postretirement Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year		$ 15
[1]	Determined as of beginning of year and adjusted for acquisitions.

POSTRETIREMENT BENEFITS AND E71

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - RECONCILIATION OF BENEFIT OBLIGATIONS AND PLAN ASSETS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2014
Pension Plan
CHANGE IN BENEFIT OBLIGATION
Defined Benefit Plan, Benefit Obligation, Beginning of Year	[1],[2]	$ 15,951		$ 17,053
Defined Benefit Plan, Service Cost		314	[2]	317	[2]	$ 298
Defined Benefit Plan, Interest Cost		466	[2]	545	[2]	590
Defined Benefit Plan, Contributions by Plan Participants	[2]	17		19
Defined Benefit Plan, Plan Amendments	[2]	8		17
Defined Benefit Plan, Actuarial Gain (Loss)	[2]	1,927		524
Defined Benefit Plan, Acquisitions (Divestitures), Benefit Obligation	[2]	(21)		7
Defined Benefit Plan, Special Termination Benefits	[2]	6		11
Defined Benefit Plan, Foreign Currency Exchange Rate Gain (Loss)	[2]	(826)		(1,908)
Defined Benefit Plan, Benefits Paid	[2]	(557)		(634)
Defined Benefit Plan, Benefit Obligation, End of Year	[1],[2]	17,285		15,951		17,053
CHANGE IN PLAN ASSETS
Defined Benefit Plan, Fair Value of Plan Assets, Beginning of Year	[2]	10,605		11,098
Defined Benefit Plan, Actual Return on Plan Assets	[2]	630		1,016
Defined Benefit Plan Acquisitions Divestitures Plan Assets	[2]	(13)		0
Defined Benefit Plan, Contributions by Employer	[2]	306		262
Defined Benefit Plan, Contributions by Plan Participants	[2]	17		19
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets	[2]	(719)		(1,156)
Defined Benefit Plan, ESOP Debt Servicing	[2],[3]	0		0
Defined Benefit Plan, Benefits Paid	[2]	(557)		(634)
Defined Benefit Plan, Fair Value of Plan Assets, End of Year	[2]	10,269		10,605		11,098
Disposal Group, Including Discontinued Operation, Pension Plan Benefit Obligation	[2]	402		336
Defined Benefit Plan, Funded Status of Plan	[2]	(6,614)		(5,010)
Other Retiree Benefits
CHANGE IN BENEFIT OBLIGATION
Defined Benefit Plan, Benefit Obligation, Beginning of Year	[1],[4]	4,904		5,505
Defined Benefit Plan, Service Cost		124	[4]	156	[4]	149
Defined Benefit Plan, Interest Cost		219	[4]	240	[4]	256
Defined Benefit Plan, Contributions by Plan Participants	[4]	74		71
Defined Benefit Plan, Plan Amendments	[4]	(40)		(325)
Defined Benefit Plan, Actuarial Gain (Loss)	[4]	589		(399)
Defined Benefit Plan, Acquisitions (Divestitures), Benefit Obligation	[4]	(7)		0
Defined Benefit Plan, Special Termination Benefits	[4]	12		23
Defined Benefit Plan, Foreign Currency Exchange Rate Gain (Loss)	[4]	(14)		(134)
Defined Benefit Plan, Benefits Paid	[4]	(229)		(233)
Defined Benefit Plan, Benefit Obligation, End of Year	[1],[4]	5,632		4,904		5,505
CHANGE IN PLAN ASSETS
Defined Benefit Plan, Fair Value of Plan Assets, Beginning of Year	[4]	3,470		3,574
Defined Benefit Plan, Actual Return on Plan Assets	[4]	408		10
Defined Benefit Plan Acquisitions Divestitures Plan Assets	[4]	0		0
Defined Benefit Plan, Contributions by Employer	[4]	32		18
Defined Benefit Plan, Contributions by Plan Participants	[4]	74		71
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets	[4]	(8)		(6)
Defined Benefit Plan, ESOP Debt Servicing	[3],[4]	40		36
Defined Benefit Plan, Benefits Paid	[4]	(229)		(233)
Defined Benefit Plan, Fair Value of Plan Assets, End of Year	[4]	3,787		3,470		$ 3,574
Disposal Group, Including Discontinued Operation, Pension Plan Benefit Obligation	[4]	16		0
Defined Benefit Plan, Funded Status of Plan	[4]	$ (1,829)		$ (1,434)
[1]	For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation.
[2]	Primarily non-U.S.-based defined benefit retirement plans.
[3]	Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits.
[4]	Primarily U.S.-based other postretirement benefit plans.

POSTRETIREMENT BENEFITS AND E72

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - RECONCILIATION OF BENEFIT PLANS RECOGNIZED IN THE BALANCE SHEET (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Pension Plan
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	$ 180	$ 276
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities	(33)	(39)
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent	(6,761)	(5,247)
Defined Benefit Plan, Amounts Recognized in Balance Sheet	(6,614)	(5,010)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax	6,088	4,488
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax	270	300
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax	6,358	4,788
Other Retiree Benefits
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	0	0
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities	(21)	(20)
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent	(1,808)	(1,414)
Defined Benefit Plan, Amounts Recognized in Balance Sheet	(1,829)	(1,434)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax	2,247	1,731
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax	(334)	(346)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax	$ 1,913	$ 1,385

POSTRETIREMENT BENEFITS AND E73

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - PENSION PLANS WITH ACCUMULATED AND PROJECTED BENEFIT OBLIGATIONS IN EXCESS OF PLAN ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation	$ 15,233	$ 13,411
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation	13,587	11,918
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets	8,082	7,931
Projected Benefit Obligation Exceeds the Fair Value of Plan Assets
Defined Benefit Plan, Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets, Aggregate Projected Benefit Obligation	15,853	14,057
Defined Benefit Plan, Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets, Aggregate Accumulated Benefit Obligation	14,149	12,419
Defined Benefit Plan, Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets, Aggregate Fair Value Of Plan Assets	$ 8,657	$ 8,435

POSTRETIREMENT BENEFITS AND E74

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - COMPONENTS OF NET PERIODIC BENEFIT COST (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2014
Pension Plan
AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST
Defined Benefit Plan, Service Cost	$ 314	[1]	$ 317	[1]	$ 298
Defined Benefit Plan, Interest Cost	466	[1]	545	[1]	590
Defined Benefit Plan, Expected Return on Plan Assets	(731)		(732)		(701)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	29		30		26
Defined Benefit Plan, Amortization of Gains (Losses)	265		275		214
Defined Benefit Plan, Other Costs	6		11		5
Defined Benefit Plan Gross Periodic Benefit Cost	349		446		432
Employee Stock Ownership Plan (ESOP), Dividends Paid to ESOP	0		0		0
Defined Benefit Plan, Net Periodic Benefit Cost	349		446		432
CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax	2,028		240
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, before Tax	8		17
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax	(265)		(275)
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	(29)		(30)
Other Comprehensive Income, Defined Benefit Plan, Currency Translation and Other, Before Tax	(172)		(677)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	1,570		(725)
Defined Benefit Plans, Amount Recognized In Periodic Benefit Cost And Accumulated Other Comprehensive Income	1,919		(279)
Other Retiree Benefits
AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST
Defined Benefit Plan, Service Cost	124	[2]	156	[2]	149
Defined Benefit Plan, Interest Cost	219	[2]	240	[2]	256
Defined Benefit Plan, Expected Return on Plan Assets	(416)		(406)		(385)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(52)		(20)		(20)
Defined Benefit Plan, Amortization of Gains (Losses)	78		105		118
Defined Benefit Plan, Other Costs	12		23		9
Defined Benefit Plan Gross Periodic Benefit Cost	(35)		98		127
Employee Stock Ownership Plan (ESOP), Dividends Paid to ESOP	(52)		(58)		(64)
Defined Benefit Plan, Net Periodic Benefit Cost	(87)		40		$ 63
CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax	597		(3)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, before Tax	(40)		(325)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax	(78)		(105)
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	52		20
Other Comprehensive Income, Defined Benefit Plan, Currency Translation and Other, Before Tax	(3)		(34)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	528		(447)
Defined Benefit Plans, Amount Recognized In Periodic Benefit Cost And Accumulated Other Comprehensive Income	$ 441		$ (407)
[1]	Primarily non-U.S.-based defined benefit retirement plans.
[2]	Primarily U.S.-based other postretirement benefit plans.

POSTRETIREMENT BENEFITS AND E75

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - AMOUNTS EXPECTED TO BE AMORTIZED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET PERIODIC BENEFIT COST (Details) - Subsequent Event $ in Millions	12 Months Ended
	Jun. 30, 2017USD ($)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Future Amortization of Gain (Loss)	$ 400
Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)	28
Other Retiree Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Future Amortization of Gain (Loss)	126
Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)	$ (45)

POSTRETIREMENT BENEFITS AND E76

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - WEIGHTED AVERAGE ASSUMPTIONS FOR THE BENEFIT CALCULATIONS AS WELL AS ASSUMED HEALTH CARE TREND RATES (Details)		12 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Pension Plan
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	[1]	2.10%	3.10%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	[1]	2.90%	3.10%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	[2]	3.10%	3.50%	4.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	[2]	7.20%	7.20%	7.20%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	[2]	3.10%	3.20%	3.20%
Other Retiree Benefits
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	[1]	3.60%	4.50%
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]
Defined Benefit Plan, Health Care Cost Trend Rate Assumed for Next Fiscal Year	[1]	7.20%	6.80%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	[1]	4.90%	5.00%
Defined Benefit Plan, Year that Rate Reaches Ultimate Trend Rate	[1]	2,021	2,021
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	[2]	4.50%	4.40%	4.80%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	[2]	8.30%	8.30%	8.30%
[1]	Determined as of end of year.
[2]	Determined as of beginning of year and adjusted for acquisitions.

POSTRETIREMENT BENEFITS AND E77

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ONE-PERCENTAGE POINT CHANGE IN ASSUMED HEALTH CARE COST TREND RATES (Details) $ in Millions	12 Months Ended
	Jun. 30, 2016USD ($)
Defined Benefit Plan, Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates [Abstract]
Defined Benefit Plan, Effect of One Percentage Point Increase on Service and Interest Cost Components	$ 80
Defined Benefit Plan, Effect of One Percentage Point Decrease on Service and Interest Cost Components	(59)
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation	1,057
Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation	$ (809)

POSTRETIREMENT BENEFITS AND E78

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - TARGET AND ACTUAL ASSET ALLOCATION (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Pension Plan
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	100.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	100.00%	100.00%
Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	100.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	100.00%	100.00%
Cash and Cash Equivalents | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	2.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	2.00%	2.00%
Cash and Cash Equivalents | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	2.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	2.00%	1.00%
Debt Securities | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	55.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	55.00%	50.00%
Debt Securities | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	3.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	4.00%	5.00%
Equity Securities | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	43.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	43.00%	48.00%
Equity Securities | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Target Plan Asset Allocations	95.00%
Actual Asset Allocation
Defined Benefit Plan, Actual Plan Asset Allocations	94.00%	94.00%

POSTRETIREMENT BENEFITS AND E79

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - FAIR VALUE OF PLAN ASSETS (Details) - USD ($) $ in Millions		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Pension Plan
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets	[1]	$ 10,269	$ 10,605	$ 11,098
Pension Plan | Cash and Cash Equivalents | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets		262	266
Pension Plan | Cash and Cash Equivalents | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets		262	266
Pension Plan | Trust for Benefit of Employees | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets		4,381	5,054
Pension Plan | Fixed Income Funds | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets		5,498	5,162
Pension Plan | Other Assets | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets	[2]	128	123
Other Retiree Benefits
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets	[3]	3,787	3,470	$ 3,574
Other Retiree Benefits | Cash and Cash Equivalents | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets		70	36
Other Retiree Benefits | Company Stock | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets	[4]	3,545	3,239
Other Retiree Benefits | Trust for Benefit of Employees | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets		14	17
Other Retiree Benefits | Fixed Income Funds | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Fair Value of Plan Assets		$ 158	$ 178
[1]	Primarily non-U.S.-based defined benefit retirement plans.
[2]	The Company's other pension and other retiree benefit plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension and other retiree benefit plan asset balances classified as Level 1 within the fair value hierarchy.
[3]	Primarily U.S.-based other postretirement benefit plans.
[4]	Company stock is net of ESOP debt discussed below.

POSTRETIREMENT BENEFITS AND E80

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - FAIR VALUE OF PLAN ASSETS - ADDITIONAL INFORMATION (Details) - Pension Plan - USD ($) $ in Millions		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[1]	$ 10,269	$ 10,605	$ 11,098
Fair Value, Inputs, Level 2 | Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets		262	266
Fair Value, Inputs, Level 3 | Other Assets
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	[2]	$ 128	$ 123
[1]	Primarily non-U.S.-based defined benefit retirement plans.
[2]	The Company's other pension and other retiree benefit plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension and other retiree benefit plan asset balances classified as Level 1 within the fair value hierarchy.

POSTRETIREMENT BENEFITS AND E81

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - TOTAL BENEFIT PAYMENTS EXPECTED TO BE PAID (Details) $ in Millions	Jun. 30, 2016USD ($)
Pension Plan
EXPECTED BENEFIT PAYMENTS
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$ 516
Defined Benefit Plan, Expected Future Benefit Payments, Year Two	527
Defined Benefit Plan, Expected Future Benefit Payments, Year Three	537
Defined Benefit Plan, Expected Future Benefit Payments, Year Four	550
Defined Benefit Plan, Expected Future Benefit Payments, Year Five	588
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter	3,232
Other Retiree Benefits
EXPECTED BENEFIT PAYMENTS
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	190
Defined Benefit Plan, Expected Future Benefit Payments, Year Two	207
Defined Benefit Plan, Expected Future Benefit Payments, Year Three	221
Defined Benefit Plan, Expected Future Benefit Payments, Year Four	233
Defined Benefit Plan, Expected Future Benefit Payments, Year Five	244
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter	$ 1,365

POSTRETIREMENT BENEFITS AND E82

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ESOP SHARES OUTSTANDING (Details) - shares shares in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Series A Preferred Stock
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	39,241	42,044	44,465
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	6,095	7,228	8,474
Employee Stock Ownership Plan (ESOP), Shares in ESOP	45,336	49,272	52,939
Series B Preferred Stock
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	23,925	23,074	22,085
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	32,319	34,096	35,753
Employee Stock Ownership Plan (ESOP), Shares in ESOP	56,244	57,170	57,838

RISK MANAGEMENT ACTIVITIES AN83

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ADDITIONAL INFORMATION (Details)	12 Months Ended
	Jun. 30, 2016
Currency Swap
Derivative [Line Items]
Derivative, Term of Contract	5 years
Commodity Option | Future
Derivative [Line Items]
Derivative, Term of Contract	1 year
Commodity Option | Swap
Derivative [Line Items]
Derivative, Term of Contract	5 years

RISK MANAGEMENT ACTIVITIES AN84

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 6,274	$ 4,797
US Government Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	4,839	3,495
Corporate Bond Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,407	1,272
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 28	$ 30

RISK MANAGEMENT ACTIVITIES AN85

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ASSETS - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
US Government Debt Securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	$ 292	$ 700
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	4,513	2,789
Corporate Bond Securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	382	221
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	$ 1,018	$ 1,052

RISK MANAGEMENT ACTIVITIES AN86

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - LIABILITIES - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 24,362	$ 23,127
Long Term Debt, Current Maturities Measured at Fair Value	2,761	2,776
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 2,331	$ 2,180

RISK MANAGEMENT ACTIVITIES AN87

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - FAIR VALUE AND AMOUNT OF GAINS AND LOSSES ON QUALIFYING AND NON-QUALIFYING FINANCIAL INSTRUMENTS USED IN HEDGING TRANSACTIONS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Cash Flow Hedging
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		$ (2)	$ 4
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		(103)	158
Fair Value Hedging
Derivative, Gain (Loss) on Derivative, Net		0	0
Net Investment Hedging
Derivative, Notional Amount		3,013	537
Derivative Asset		28	96
Derivative Liability		(115)	(1)
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(53)	60
Derivative, Gain (Loss) on Derivative, Net		(2)	(1)
Foreign Exchange Contract | Cash Flow Hedging
Derivative, Notional Amount		798	951
Derivative Asset		94	312
Derivative Liability		(63)	0
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		0	5
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		(106)	152
Interest Rate Contract | Cash Flow Hedging
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		(2)	(1)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		3	6
Interest Rate Contract | Fair Value Hedging
Derivative, Notional Amount		4,993	7,208
Derivative Asset		371	172
Derivative Liability		0	(13)
Derivative, Gain (Loss) on Derivative, Net		212	(9)
Not Designated as Hedging Instrument | Foreign Exchange Contract
Derivative, Notional Amount		6,482	6,610
Derivative Asset		28	13
Derivative Liability		(38)	(68)
Derivative, Gain (Loss) on Derivative, Net	[1]	(120)	(987)
Debt | Fair Value Hedging
Derivative, Gain (Loss) on Derivative, Net		$ (212)	$ 9
[1]	The gain or loss on non-qualifying foreign currency contracts substantially offsets the foreign currency mark-to-market impact of the related exposure.

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - SHORT-TERM DEBT (Details) - USD ($) $ in Millions		Jun. 30, 2016	Jun. 30, 2015
Debt, Current [Abstract]
Long-term Debt, Current Maturities		$ 2,760	$ 2,772
Commercial Paper		8,690	8,807
Other Short-term Borrowings		203	439
Debt, Current		$ 11,653	$ 12,018
Short-term Debt, Weighted Average Interest Rate	[1]	0.20%	0.30%
[1]	Short-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.

SHORT-TERM AND LONG-TERM DEBT89

SHORT-TERM AND LONG-TERM DEBT - LONG-TERM DEBT (Details) - USD ($) $ in Millions		Jun. 30, 2016	Jun. 30, 2015
LONG-TERM DEBT
Other Long-term Debt		$ 2,691	$ 4,592
Long-term Debt, Current Maturities		(2,760)	(2,772)
Long-term Debt, Excluding Current Maturities		$ 18,945	$ 18,327
Long-term Debt, Weighted Average Interest Rate	[1]	3.10%	3.20%
1.45% USD note due August 2016
LONG-TERM DEBT
Notes Payable, Noncurrent		$ 1,000	$ 1,000
0.75% USD note due November 2016
LONG-TERM DEBT
Notes Payable, Noncurrent		500	500
Floating rate USD note due November 2016
LONG-TERM DEBT
Notes Payable, Noncurrent		500	500
5.13% EUR note due October 2017
LONG-TERM DEBT
Notes Payable, Noncurrent		1,221	1,231
1.60% USD note due November 2018
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
4.70% USD note due February 2019
LONG-TERM DEBT
Notes Payable, Noncurrent		1,250	1,250
1.90% USD note due November 2019
LONG-TERM DEBT
Notes Payable, Noncurrent		550	550
0.28% JPY note due May 2020
LONG-TERM DEBT
Notes Payable, Noncurrent		973	818
4.13% EUR note due December 2020
LONG-TERM DEBT
Notes Payable, Noncurrent		666	671
9.36% ESOP debentures due 2016-2021(1)
LONG-TERM DEBT
Notes Payable, Noncurrent		498	572
1.85% USD note due February 2021
LONG-TERM DEBT
Notes Payable, Noncurrent		600	0
2.00% EUR note due November 2021
LONG-TERM DEBT
Notes Payable, Noncurrent		833	839
2.30% USD note due February 2022
LONG-TERM DEBT
Notes Payable, Noncurrent	[2]	1,000	1,000
2.00% EUR note due August 2022
LONG-TERM DEBT
Notes Payable, Noncurrent		1,110	1,119
3.10% USD note due August 2023
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
1.13% EUR note due November 2023
LONG-TERM DEBT
Notes Payable, Noncurrent		1,388	0
2.70% USD note due February 2026
LONG-TERM DEBT
Notes Payable, Noncurrent		600	0
4.88% EUR note due May 2027
LONG-TERM DEBT
Notes Payable, Noncurrent		1,110	1,119
6.25% GBP note due January 2030
LONG-TERM DEBT
Notes Payable, Noncurrent		670	786
5.50% USD note due February 2034
LONG-TERM DEBT
Notes Payable, Noncurrent		500	500
5.80% USD note due August 2034
LONG-TERM DEBT
Notes Payable, Noncurrent		600	600
5.55% USD note due March 2037
LONG-TERM DEBT
Notes Payable, Noncurrent		1,400	1,400
Capital Lease Obligations
LONG-TERM DEBT
Other Long-term Debt		$ 45	$ 52
[1]	Long-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.
[2]	Debt issued by the ESOP is guaranteed by the Company and is recorded as debt of the Company, as discussed in Note 8.

SHORT-TERM AND LONG-TERM DEBT90

SHORT-TERM AND LONG-TERM DEBT - LONG-TERM DEBT MATURITIES (Details) $ in Millions	Jun. 30, 2016USD ($)
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 2,760
Long-term Debt, Maturities, Repayments of Principal in Year Two	1,323
Long-term Debt, Maturities, Repayments of Principal in Year Three	2,357
Long-term Debt, Maturities, Repayments of Principal in Year Four	2,099
Long-term Debt, Maturities, Repayments of Principal in Year Five	$ 1,387

ACCUMULATED OTHER COMPREHENSI91

ACCUMULATED OTHER COMPREHENSIVE INCOME - STATEMENT OF AOCI (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (12,780)		$ (7,662)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(3,463)	[1]	(5,496)	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[4]	336	[3]	378	[5],[6]
Other Comprehensive Income (Loss), Net of Tax		(3,127)		(5,118)		$ (163)
Accumulated Other Comprehensive Income (Loss), Net of Tax		(15,907)		(12,780)		(7,662)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(2,642)		(3,876)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(103)	[1]	1,390	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[4]	104	[3]	(156)	[6]
Other Comprehensive Income (Loss), Net of Tax		1		1,234
Accumulated Other Comprehensive Income (Loss), Net of Tax		(2,641)		(2,642)		(3,876)
Accumulated Net Investment Gain (Loss) Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		6		(18)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		29	[1]	26	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[4]	(1)	[3]	(2)	[6]
Other Comprehensive Income (Loss), Net of Tax		28		24
Accumulated Other Comprehensive Income (Loss), Net of Tax		34		6		(18)
Pension Plan
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(4,321)		(5,165)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(1,710)	[1]	563	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[4]	233	[3]	281	[6]
Other Comprehensive Income (Loss), Net of Tax		(1,477)		844
Accumulated Other Comprehensive Income (Loss), Net of Tax		(5,798)		(4,321)		(5,165)
Foreign Currency Gain (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(5,823)		1,397
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(1,679)	[1]	(7,475)	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[4]	0	[3]	255	[5],[6]
Other Comprehensive Income (Loss), Net of Tax		(1,679)		(7,220)
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (7,502)		$ (5,823)		$ 1,397
[1]	Net of tax (benefit) / expense of $6, $7, and $(708) for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2016.
[2]	Net of tax (benefit) / expense of $741, $1 and $219 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2015.
[3]	Net of tax (benefit) / expense of $(1), $0, and $87 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2016.
[4]	See Note 9 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. Gains and losses on investment securities are reclassified from AOCI into Other non-operating income, net. Gains and losses on pension and other retiree benefits are reclassified from AOCI into Cost of products sold and SG&A, and are included in the computation of net periodic pension cost (see Note 8 for additional details).
[5]	Amounts reclassified from AOCI for financial statement translation relate to the foreign currency losses written off as part of the deconsolidation of our Venezuelan subsidiaries in fiscal 2015. These losses were reclassified into the Venezuela deconsolidation charge in the Consolidated Statements of Earnings.
[6]	Net of tax (benefit) / expense of $(2), $(1), and $109 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively, for the period ended June 30, 2015.

ACCUMULATED OTHER COMPREHENSI92

ACCUMULATED OTHER COMPREHENSIVE INCOME - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	$ 5	$ 739	$ (209)
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	7	0	(4)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	(621)	328	$ (356)
Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	(1)	(2)
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	0	(1)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	87	109
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	6	741
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	7	1
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ (708)	$ 219

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - PURCHASE OBLIGATIONS (Details) $ in Millions	Jun. 30, 2016USD ($)
Unrecorded Unconditional Purchase Obligation, Rolling Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months	$ 881
Unrecorded Unconditional Purchase Obligation, Due within Two Years	221
Unrecorded Unconditional Purchase Obligation, Due within Three Years	170
Unrecorded Unconditional Purchase Obligation, Due within Four Years	129
Unrecorded Unconditional Purchase Obligation, Due within Five Years	105
Unrecorded Unconditional Purchase Obligation, Due after Five Years	$ 288

COMMITMENTS AND CONTINGENCIES94

COMMITMENTS AND CONTINGENCIES - OPERATING LEASE PAYMENTS (Details) $ in Millions	Jun. 30, 2016USD ($)
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 237
Operating Leases, Future Minimum Payments, Due in Two Years	240
Operating Leases, Future Minimum Payments, Due in Three Years	224
Operating Leases, Future Minimum Payments, Due in Four Years	206
Operating Leases, Future Minimum Payments, Due in Five Years	154
Operating Leases, Future Minimum Payments, Due Thereafter	$ 502

DISCONTINUED OPERATIONS - ADDIT

DISCONTINUED OPERATIONS - ADDITIONAL INFORMATION (Details) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
		Jun. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Feb. 29, 2016USD ($)shares	Jul. 09, 2015USD ($)	Jul. 31, 2014USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash Divested from Divested Businesses, Financing Activities		$ 1,730	$ 0	$ 0
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups - Number of Product Categories						4
Disposal Groups - Number of Brands						43
Goodwill and Intangible Asset Impairment		48	$ 0	$ 0
Intangible Asset Impairment Charges After Tax		42
Gain (Loss) on Contract Termination		83
Gain (Loss) on Contract Termination After Tax		76
Disposal Groups - Consideration Offered						$ 12,500
Disposal Groups - Expected Consideration Received (Monetary)		$ 13,100
Disposal Groups - Expected Consideration Received (Shares) | shares		411
Disposal Groups - Expected Consideration Percentage of Diluted Equity of New Company		54.00%
Disposal Groups - Expected Consideration Equity of New Company		$ 10,700
Disposal Groups - Expected Consideration, Value of Debt Assume		2,400
Disposal Groups - Transition Cost		112
Maximum | Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups - Expected Consideration, Value of Debt Assume		$ 3,900
Disposal Groups - Expected Consideration, Equity of New Company (Per Share) | $ / shares		$ 22.06
Minimum | Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups - Expected Consideration, Value of Debt Assume		$ 1,900
Disposal Groups - Expected Consideration, Equity of New Company (Per Share) | $ / shares		$ 27.06
Berkshire Hathaway | Batteries
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill and Intangible Asset Impairment		$ 402
Intangible Asset Impairment Charges After Tax		350
Disposal Groups - Consideration Received (Shares) | shares					52.5
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax		422
Disposal Group, Including Discontinued Operation, Consideration	[1]				$ 4,213
Cash Divested from Divested Businesses, Financing Activities		$ 1,700
Mars | Pet Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration							$ 2,900
[1]	Includes $1,730 from cash infused into the Batteries business pursuant to the divestiture agreement (see Note 13).

DISCONTINUED OPERATIONS - NET E

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations	$ (50)	$ 446	$ 323	$ (142)	$ 42	$ (213)	$ (276)	$ (696)	$ 577	$ (1,143)	$ 1,127
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations									336	643	660
Batteries
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations									241	(1,835)	389
Pet Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations									0	49	78
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations									$ 577	$ (1,143)	$ 1,127

DISCONTINUED OPERATIONS - MAJOR

DISCONTINUED OPERATIONS - MAJOR COMPONENTS OF ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2016		Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	$ 7,185		$ 4,432
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0		5,204
Disposal Group, Including Discontinued Operation, Liabilities, Current	2,343		1,543
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0		717
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	7,185	[1]	922
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0	[1]	5,204
Disposal Group, Including Discontinued Operation, Assets	7,185	[1]	6,126
Disposal Group, Including Discontinued Operation, Liabilities, Current	2,343	[1]	356
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0	[1]	717
Disposal Group, Including Discontinued Operation, Liabilities	$ 2,343	[1]	1,073
Batteries
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current			3,510
Disposal Group, Including Discontinued Operation, Assets, Noncurrent			0
Disposal Group, Including Discontinued Operation, Assets			3,510
Disposal Group, Including Discontinued Operation, Liabilities, Current			1,187
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent			0
Disposal Group, Including Discontinued Operation, Liabilities			1,187
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current			4,432
Disposal Group, Including Discontinued Operation, Assets, Noncurrent			5,204
Disposal Group, Including Discontinued Operation, Assets			9,636
Disposal Group, Including Discontinued Operation, Liabilities, Current			1,543
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent			717
Disposal Group, Including Discontinued Operation, Liabilities			$ 2,260
[1]	The Company expects the Beauty Brands transaction to close in October 2016. Therefore, for the period ended June 30, 2016, all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets.

DISCONTINUED OPERATIONS - NET98

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS FOR BEAUTY BRANDS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (50)	$ 446	$ 323	$ (142)	$ 42	$ (213)	$ (276)	$ (696)	$ 577	$ (1,143)	$ 1,127
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue									4,910	5,530	6,109
Disposal Group, Including Discontinued Operation, Costs of Goods Sold									1,621	1,820	1,980
Disposal Group, Including Discontinued Operation, General and Administrative Expense									2,763	2,969	3,299
Goodwill and Intangible Asset Impairment									48	0	0
Disposal Group, Including Discontinued Operation, Interest Expense									32	0	1
Disposal Group, Including Discontinued Operation, Interest Income									2	2	2
Disposal Group, Including Discontinued Operation, Other Income									(9)	(91)	(3)
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax									457	834	828
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period									(121)	(191)	(168)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest									$ 336	$ 643	$ 660

DISCONTINUED OPERATIONS - CASH

DISCONTINUED OPERATIONS - CASH FLOWS FOR BEAUTY BRANDS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (Loss) on Disposition of Business	$ 41	$ 766	$ 154
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and Amortization, Discontinued Operations	106	125	127
Gain (Loss) on Disposition of Business	8	86	0
Goodwill and Intangible Asset Impairment	48	0	0
Capital Expenditure, Discontinued Operations	$ 114	$ 106	$ 108

DISCONTINUED OPERATIONS - MA100

DISCONTINUED OPERATIONS - MAJOR COMPONENTS OF ASSETS AND LIABILITIES FOR BEAUTY BRANDS (Details) - USD ($) $ in Millions		Jun. 30, 2016		Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current		$ 7,185		$ 4,432
Disposal Group, Including Discontinued Operation, Assets, Noncurrent		0		5,204
Disposal Group, Including Discontinued Operation, Liabilities, Current		2,343		1,543
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent		0		717
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Cash		40	[1]	9
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents		996	[1],[2]	0
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		384	[1]	293
Disposal Group, Including Discontinued Operation, Inventory, Current		494	[1]	476
Disposal Group, Including Discontinued Operation, Prepaid and Other Assets, Current		126	[1]	144
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	[1]	629
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent	[3]			613
Disposal Group, Including Discontinued Operation, Goodwill And Intangible Assets, Current	[1]	4,411
Disposal Group, Including Discontinued Operation, Goodwill And Intangible Assets, Noncurrent	[3]			4,513
Disposal Group, Including Discontinued Operation, Other Assets, Current	[1]	105
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	[3]			78
Disposal Group, Including Discontinued Operation, Assets, Current		7,185	[1]	922
Disposal Group, Including Discontinued Operation, Assets, Noncurrent		0	[1]	5,204
Disposal Group, Including Discontinued Operation, Assets		7,185	[1]	6,126
Disposal Group, Including Discontinued Operation, Accounts Payable		148	[1]	118
Disposal Group, Including Discontinued Operation, Accrued Liabilities		384	[1]	238
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities, Current	[1]	370
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities, Noncurrent	[3]			352
Disposal Group, Including Discontinued Operation, Debt, Current		996	[1],[2]	0
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	[1]	445
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	[3]			365
Disposal Group, Including Discontinued Operation, Liabilities, Current		2,343	[1]	356
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent		0	[1]	717
Disposal Group, Including Discontinued Operation, Liabilities		$ 2,343	[1]	$ 1,073
[1]	The Company expects the Beauty Brands transaction to close in October 2016. Therefore, for the period ended June 30, 2016, all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets.
[2]	On January 26, 2016, Beauty Brands drew on its Term B loan of $1.0 billion. The proceeds will be held in restricted cash in escrow until the anticipated legal integration activities prior to close. Beauty Brands has received additional debt funding commitments with a consortium of lenders of $3.5 billion.
[3]	Amounts as of June 30, 2015, are reflected as part of the noncurrent assets and liabilities held for sale.

DISCONTINUED OPERATIONS - MA101

DISCONTINUED OPERATIONS - MAJOR COMPONENTS OF ASSETS AND LIABILITIES FOR BEAUTY BRANDS - ADDITIONAL INFORMATION (Details) - Beauty Brands $ in Billions	Jan. 26, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups - Term B Loan Draw	$ 1
Disposal Groups - Debt Funding Commitment	$ 3.5

DISCONTINUED OPERATIONS - NE102

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS FOR BATTERIES AND PET CARE (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2016		Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ (50)	$ 446	$ 323	$ (142)	$ 42	$ (213)	$ (276)	$ (696)	$ 577		$ (1,143)	$ 1,127
Batteries
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue									1,517		2,226	2,552
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax									266		479	548
Disposal Group, Including Discontinued Operation, Other Expense									(402)		(2,174)	0
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period									(45)		(140)	(159)
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax									(288)		0	0
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation									710	[1]	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest									241		(1,835)	389
Pet Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue									0		251	1,475
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax									0		0	130
Disposal Group, Including Discontinued Operation, Other Expense									0		0	0
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period									0		(4)	(52)
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax									0		195	0
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation									0		(142)	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest									0		49	78
Batteries and Pet Care
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue									1,517		2,477	4,027
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax									266		479	678
Disposal Group, Including Discontinued Operation, Other Expense									(402)		(2,174)	0
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period									(45)		(144)	(211)
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax									(288)		195	0
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation									710	[1]	(142)	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest									$ 241		$ (1,786)	$ 467
[1]	The income tax benefit of the Batteries divestiture primarily represents the reversal of underlying deferred tax balances.

DISCONTINUED OPERATIONS - MA103

DISCONTINUED OPERATIONS - MAJOR COMPONENTS OF ASSETS AND LIABILITIES FOR BATTERIES (Details) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	$ 7,185	$ 4,432
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 2,343	1,543
Batteries
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Cash		25
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		245
Disposal Group, Including Discontinued Operation, Inventory, Current		304
Disposal Group, Including Discontinued Operation, Prepaid and Other Assets, Current		28
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent		496
Disposal Group, Including Discontinued Operation, Goodwill And Intangible Assets, Noncurrent		2,389
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent		23
Disposal Group, Including Discontinued Operation, Assets, Current		3,510
Disposal Group, Including Discontinued Operation, Accounts Payable, Current		195
Disposal Group, Including Discontinued Operation, Accrued Liabilities, Current		194
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent		18
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities, Noncurrent		780
Disposal Group, Including Discontinued Operation, Liabilities, Current		$ 1,187

QUARTERLY RESULTS (UNAUDITED104

QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																12 Months Ended
	Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2014
Net Sales	$ 16,102		$ 15,755		$ 16,915		$ 16,527		$ 16,553		$ 16,930		$ 18,495		$ 18,771		$ 65,299		$ 70,749		$ 74,401
Operating Income (Loss)	$ 2,502		$ 3,318		$ 3,853		$ 3,768		$ 812	[1]	$ 3,025		$ 3,579		$ 3,633		$ 13,441		$ 11,049		13,910
Gross Margin Percent of Net Sales	47.90%		49.80%		50.00%		50.70%		46.60%		47.30%		48.30%		48.10%		49.60%		47.60%
NET EARNINGS:
Net Earnings from Continuing Operations	$ 2,008		$ 2,337		$ 2,905		$ 2,777		$ 496	[1]	$ 2,401		$ 2,674		$ 2,716		$ 10,027		$ 8,287		10,658
Net Earnings/(Loss) from Discontinued Operations	(50)		446		323		(142)		42		(213)		(276)		(696)		577		(1,143)		1,127
Net Earnings Attributable to Procter & Gamble	$ 1,951		$ 2,750		$ 3,206		$ 2,601		$ 521		$ 2,153		$ 2,372		$ 1,990		$ 10,508		$ 7,036		$ 11,643
DILUTED NET EARNINGS PER COMMON SHARE
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.71	[2]	$ 0.81	[2]	$ 1.01	[2]	$ 0.96	[2]	$ 0.17	[2]	$ 0.82	[2]	$ 0.92	[2]	$ 0.93	[2]	$ 3.49	[2],[3]	$ 2.84	[2],[3]	$ 3.63	[3]
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	(0.02)	[2]	0.16	[2]	0.11	[2]	(0.05)	[2]	0.01	[2]	(0.07)	[2]	(0.10)	[2]	(0.24)	[2]	0.20	[2],[3]	(0.40)	[2],[3]	0.38	[3]
Earnings Per Share, Diluted	$ 0.69	[2]	$ 0.97	[2]	$ 1.12	[2]	$ 0.91	[2]	$ 0.18	[2]	$ 0.75	[2]	$ 0.82	[2]	$ 0.69	[2]	$ 3.69	[2],[3],[4]	$ 2.44	[2],[3],[4]	$ 4.01	[3],[4]
Venezuela Deconsolidation Charge, Before Tax									$ 2,000
Venezuela Deconsolidation Charge, After Tax									$ 2,100
[1]	The Company recorded a one-time Venezuela deconsolidation charge of $2.0 billion before tax ($2.1 billion after tax) in the quarter-ended June 30, 2015. This impact is discussed more fully in Note 1.
[2]	Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.
[3]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[4]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings/(loss) attributable to Procter & Gamble.